§7305 — Title 31 Money and Finance | U.S. Code

Summary

The State's chief executive must audit block grants and consolidated assistance received under the Omnibus Budget Reconciliation Act of 1981. Audits cover two-year periods starting October 1, 1981, then every two years; they should follow Comptroller General standards and replace other required audits under that Act unless a part says otherwise.

Title 31, §7305

Money and Finance — Source: USLM XML via OLRC

(a)The chief executive officer of each State shall conduct financial and compliance audits of block grant amounts received under the Omnibus Budget Reconciliation Act of 1981 (Public Law 97–35, 95 Stat. 357) and amounts received under a consolidated assistance program established or provided for in the Act. An audit shall be conducted for the 2-year period beginning on October 1, 1981, and for each 2-year period thereafter. As far as practicable, the audit shall be conducted consistent with standards the Comptroller General prescribes for the audit of governmental entities, programs, activities, and functions.

(b)An audit under subsection (a) of this section is in place of other financial and compliance audits of those amounts that the chief executive officer of the State is required to conduct under another provision of the Omnibus Budget Reconciliation Act of 1981 (Public Law 97–35, 95 Stat. 357) unless the other provision, by explicit reference to this section, provides otherwise.

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 730531:1243(note).Aug. 13, 1981, Pub. L. 97–35, § 1745, 95 Stat. 764. In subsection (a), the word “prescribes” is substituted for “established”, and the word “entities” is substituted for “organizations”, for consistency in the revised title and with other titles of the United States Code. In subsection (b), the words “of funds” and “conducted” are omitted as surplus.

Editorial Notes

References in Text

The Omnibus Budget Reconciliation Act of 1981, referred to in text, is Pub. L. 97–35, Aug. 13, 1981, 95 Stat. 357. For complete classification of this Act to the Code, see Tables.

§7305 State Auditing Requirements