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  "documentTitle": "McKinsey NJ Military Affairs Veterans",
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      "text": "2. With respect to the closeout of each subaward: a. You must pay the subrecipient promptly for allowable and reimbursable costs. b. Consistent with the terms and conditions of the subaward, you must make a settlement for any upward or downward adjustments to the federal share of project costs after you receive the information you need from the subrecipient to close out the subaward. c. You should complete the closeout of the subaward no later than one year after you receive and accept the final reports and other information from the subrecipient that you need to close out the subaward.",
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      "text": "1. Ensure that the lower-tier transaction is a subaward, rather than a procurement transaction, by making the determination that SUB Article I of these general terms and conditions requires you to make.",
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      "text": "1. You will close out each subaward when you either: a. Determine that the subrecipient has completed its programmatic performance under the subaward and all applicable administrative actions; or b. Terminate the subaward if you do so prior to completion of the subrecipient’s programmatic performance.",
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      "text": "This article specifies requirements you must include in any cost-type subaward under which you determine that the subrecipient may make lower-tier cost-type subawards to other entities.",
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      "text": "Your subaward terms and conditions must require your subrecipient, with respect to each lower-tier cost-type subaward that it makes to:",
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      "text": "b. Provide a notice of termination to the subrecipient if you terminate its subaward unilaterally for any reason prior to the end of the period of performance.",
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      "text": "c. In the case of either suspension or termination of a subaward prior to the end of the period of performance, allow or disallow subaward costs in accordance with Section D of OAR Article III.",
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