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— - file:+ 31p n (3) If the actual total cost of acquisition, rehabilitation, or new construction for a project is less than the total cost agreed to in the grant agreement, (4) If the actual annual leasing costs, operating costs, supportive services costs, rental assistance costs, or B IIS costs are less than the total cost agreed to in the grant agreement for a one-year period, (5) Program participants have not moved into units within 3 months of the time that the units are available for occupancy; and (6) The grant agreement may set forth in detail other circumstances under which funds may be deobligated and other sanctions may be imposed. § 578. 109 Closeout. (a) In general. Grants will be closed out in accordance with the requirements of 24 CFR parts 84 and 85, and closeout procedures established by HUD. (b) Reports. Applicants must submit all reports required by HUD no later than 90 days from the date of the end of the project's grant term (c) Closeout agreement. Any obligations remaining as of the date of the closeout must be covered by the terms of a closeout agreement. The agreement will be prepared by HUD in consultation with the recipient. The agreement must - identify the grant being closed out, and include provisions with respect to the following: ( l ) Identification of any closeout costs or contingent liabilities subject to payment with Continuum of Care program funds after the closeout agreement is signed; (2) Identification of any unused grant funds to be deobligated by HUD; (3) Identification of any program income on deposit in financial institutions at the time the closeout agreement is signed; (4) Description of the recipient's responsibility after closeout for: (i) Compliance with all program requirements in using program income on deposit at the time the closeout agreement is 'signed and in using any other remaining Continuum of Care program funds available for closeout costs and contingent liabilities, (ii) Use of real property assisted with Continuum of Care program funds in accordance with the terms of commitment and principles; (iii) Use of personal property purchased with Continuum of Care program funds; and (iv) Compliance with requirements governing program income received subsequent to grant closeout. (5) Other provisions appropriate to any special circumstances of the grant closeout, in modification of or in addition to the obligations in paragraphs (c)( 1 ) through (4)°k M fqn. . , °° aTE OF FLORIDA °e° Gb, . • • • 0NFjsi N RIVER COUNTY �.• • d' '° Ttiss IS TO CERTIFY THAT TVISA fRUEANDCOR CT COP �+f ORIGINALCin FILEPam . iti FIC a * : �Oa of e