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Title 49, TransportationRelease 119-110

§5566 Records and Audits

Title 49 › SUBTITLE III — GENERAL AND INTERMODAL PROGRAMS › CHAPTER 55 — INTERMODAL TRANSPORTATION › SUBCHAPTER II — TERMINALS › § 5566

Last updated Sep 22, 2026|Official source

Summary

Recipients of financial help under this chapter must keep records the Secretary of Transportation requires. The records must show how much money was received and how it was used, the project's total cost, other sources of funding, and anything else that helps an audit. For 3 years after a project is finished, the Secretary of Transportation and the Comptroller General may audit and inspect any records they think relate to the financial help.

Full Legal Text

Title 49, §5566

Transportation, Source: USLM XML via OLRC

(a)Record Requirements.—
Each recipient of financial assistance under this chapter shall keep records required by the Secretary of Transportation. The records shall disclose—
(1)the amount, and disposition by the recipient, of the proceeds of the assistance;
(2)the total cost of the project for which the assistance was given or used;
(3)the amount of that part of the cost of the project supplied by other sources; and
(4)any other records that will make an effective audit easier.
(b)Audits and Inspections.—
For 3 years after a project is completed, the Secretary and the Comptroller General may audit and inspect records of a recipient that the Secretary or Comptroller General decides may be related or pertinent to the financial assistance.

Legislative History

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 5566(a)49 App.:1653(i)(8) (1st sentence).Oct. 15, 1966, Pub. L. 89–670, 80 Stat. 931, § 4(i)(8); added Oct. 28, 1974, Pub. L. 93–496, §§ 6, 15, 88 Stat. 1530, 1533; Feb. 5, 1976, Pub. L. 94–210, § 707(3), 90 Stat. 125; May 30, 1980, Pub. L. 96–254, § 206(a), 94 Stat. 412. 5566(b)49 App.:1653(i)(8) (last sentence). In this section, the word “undertaking” is omitted as being included in “project”. In subsection (a), before clause (1), the word “fully” is omitted as surplus. In subsection (b), the words “the expiration of” and “of the United States” are omitted as surplus. The words “or any of their duly authorized representatives” are omitted as unnecessary because of 49:322(b) and 31:711(2). The words “may audit and inspect” are substituted for “shall have access for the purpose of audit and examination” for consistency in the revised title and with other titles of the United States Code. The word “recipient” is substituted for “such receipts” to correct an error in the underlying source provisions.

Reference

Citations & Metadata

Citation

49 U.S.C. § 5566

Title 49, Transportation

Last Updated

Sep 22, 2026

Release point: 119-110