Project closeout involves much more than simply the expiration of an award. For a sponsored project to be properly closed-out, the Principal Investigator must ensure that the following agency-specific requirements are met.
- All technical and financial reports required by the funding agency have been submitted on time.
- Any special requirements for the transfer or disposal of property purchased through the award have been met.
- Patent or copyright procedures have been followed for personnel hired only for the duration of the award.
- Proper termination procedures have been followed for personnel hired only for the duration of the award.