Close-Out of Award
The awarding agency or pass-through entity will close-out the award when it determines that all applicable administrative actions and all required deliverables of the award have been completed by the non-Federal entity.
CFR, Title 2, Subpart A, Chapter II, §200.343 Closeout
CFR, Title 2, Subpart A, Chapter II, §200.344 Post-closeout adjustments and continuing responsibilities