Policy

Sponsored Projects Closeout Policy (BFPP)

Summary

The University of Illinois System has a responsibility to close out completed sponsored projects in compliance with federal regulations, sponsor policy, and award terms and conditions. Office of Management and Budget (OMB) Uniform Guidance (2 CFR 200.344 Closeout) requires that final financial, performance, and other reports be submitted no later than 120 calendar days after the project end date. 

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Policy Type

Institutional Policies

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