54 U.S.C. § 200509: Recordkeeping

Summary

Recipients of assistance under this chapter must keep the records the Secretary requires. Those records must show how much money was given, how the money was spent, how much of the project cost came from other sources, and any other information needed for audits. The Secretary and the Comptroller General can inspect any recipient records related to the assistance for audit and review.

Title 54, §200509

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(a)In General.—

A recipient of assistance under this chapter shall keep such records as the Secretary shall prescribe, including—

(1)records that disclose—

(A)the amount and disposition of project undertakings in connection with which assistance under this chapter is given or used; and

(B)the amount and nature of the portion of the cost of the project or undertaking that is supplied by other sources; and

(2)such other records as will facilitate an effective audit.

(b)Access.—

The Secretary and the Comptroller General shall have access for the purpose of audit and examination to any records of the recipient that are pertinent to assistance received under this chapter.

Notes & Related Subsidiaries

Historical and Revision Notes

Revised SectionSource (U.S. Code)Source (Statutes at Large) 20050916 U.S.C. 2511.Pub. L. 95–625, title X, § 1012, Nov. 10, 1978, 92 Stat. 3543. In subsection (a)(1), the word “fully” is omitted as unnecessary. In subsection (b), the words “or their duly authorized representatives” are omitted as unnecessary. See section 2 of Reorganization Plan No. 3 of 1950 (5 U.S.C. App., 43 U.S.C. 1451 note) for the Secretary and 31 U.S.C. 711(2) for the Comptroller General.

§200509 Recordkeeping

Summary

Title 54, §200509

Notes & Related Subsidiaries

Historical and Revision Notes

Citations & Metadata