Closing the Award
In addition to the Uniform Guidance requirements, the Grants Oversight and New Efficiency (GONE) Act became Public Law No. 114-117 on January 28, 2016. This act was implemented by Congress to ensure the timeliness of agency closeout for expired grants. Agencies are now required to annually submit a report to Congress that includes a list of the 30 oldest Federal grants that have not been closed. Institutions identified on this delinquency report could experience adverse funding impacts, so it is essential the University of Memphis remain in compliance with all reporting requirements.
If you have questions regarding this or any other Closeout Reporting requirements, contact OSP.