33 USC 1386 - Audits, reports, and fiscal controls; intended use plan

U.S Code last checked for updates: Nov 22, 2024

§ 1386.

Audits, reports, and fiscal controls; intended use plan

(a)

Fiscal control and auditing procedures

Each State electing to establish a water pollution control revolving fund under this subchapter shall establish fiscal controls and accounting procedures sufficient to assure proper accounting during appropriate accounting periods for—

(1)

payments received by the fund;

(2)

disbursements made by the fund; and

(3)

fund balances at the beginning and end of the accounting period.

(b)

Annual Federal audits

(c)

Intended use plan

After providing for public comment and review, each State shall annually prepare a plan identifying the intended uses of the amounts available to its water pollution control revolving fund. Such intended use plan shall include, but not be limited to—

(1)

a list of those projects for construction of publicly owned treatment works on the State’s priority list developed pursuant to section 1296 of this title and a list of activities eligible for assistance under sections 1329 and 1330 of this title;

(2)

a description of the short- and long-term goals and objectives of its water pollution control revolving fund;

(3)

information on the activities to be supported, including a description of project categories, discharge requirements under subchapters III and IV of this chapter, terms of financial assistance, and communities served;

(4)

assurances and specific proposals for meeting the requirements of paragraphs (3), (4), (5), and (6) of section 1382(b) of this title; and

(5)

the criteria and method established for the distribution of funds.

(d)

Annual report

(e)

Annual Federal oversight review

(f)

Applicability of subchapter II provisions

(June 30, 1948, ch. 758, title VI, § 606, as added Pub. L. 100–4, title II, § 212(a), Feb. 4, 1987, 101 Stat. 25; amended Pub. L. 108–271, § 8(b), July 7, 2004, 118 Stat. 814.)

cite as: 33 USC 1386