The expiration of an annual grant application does not affect the ability of NHTSA to disallow costs and recover funds on the basis of a later audit or other review or the State’s obligation to return any funds due as a result of later refunds, corrections, or other transactions.

Terms Used In 23 CFR 1300.42

  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.