20 USC 1063c - Reporting and audit requirements

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

§ 1063c.

Reporting and audit requirements

(a)

Recordkeeping

Each recipient of a grant under this part shall keep such records as the Secretary shall prescribe, including records which fully disclose—

(1)

the amount and disposition by such recipient of the proceeds of such assistance;

(2)

the cost of the project or undertaking in connection with which such assistance is given or used;

(3)

the amount of that portion of the cost of the project or undertaking supplied by other sources; and

(4)

such other records as will facilitate an effective audit.

(b)

Use of unexpended funds

(Pub. L. 89–329, title III, § 327, as added Pub. L. 99–498, title III, § 301(a), Oct. 17, 1986, 100 Stat. 1298; amended Pub. L. 100–50, § 2(a)(11), June 3, 1987, 101 Stat. 335; Pub. L. 110–315, title III, § 312, Aug. 14, 2008, 122 Stat. 3180.)

cite as: 20 USC 1063c