6 Miss. Code. R. 11-2.21 - Close-Out Process
A. The close-out
process encompasses a series of activities to verify that GCRF funds have been
properly spent and that all GCRF administrative actions and all required work
on the project has been completed in a timely and acceptable manner.
B. The close-out process should begin when
the following criteria have been met:
(i.) All
costs to be paid with program funds have been paid, including any unsettled
third- party claims.
(ii.) The
recipient has fulfilled all its responsibilities under the grant agreement.
This includes injection of all matching funds, all private investment,
achieving all performance metrics and all job creation/retention commitments
(where applicable).
C.
Close-out packages bearing the original signatures of the designated signatory
officials (one original copy) and submission of the Certificate of Completion
(two original copies) are due to MDA within 30 days after completion of the
project.
Notes
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