20-U.S.C.-1232F
§1232F – Records
Pathway
Title 20 > Chapter 31 > Subchapter III > Part 4 > Section 1232f
Details
- Reference: Section 1232f
- Legend: §1232F – Records
- USCode Year: 2013
Provision Content
(a) Records kept by recipient; full disclosure; maintenance period
Each recipient of Federal funds under any applicable program through any grant, subgrant, cooperative agreement, loan, or other arrangement shall keep records which fully disclose the amount and disposition by the recipient of those funds, the total cost of the activity for which the funds are used, the share of that cost provided from other sources, and such other records as will facilitate an effective financial or programmatic audit. The recipient shall maintain such records for three years after the completion of the activity for which the funds are used.
(b) Audit examination
The Secretary and the Comptroller General of the United States, or any of their duly authorized representatives, shall have access, for the purpose of audit examination, to any records maintained by a recipient that may be related, or pertinent to, grants, subgrants, cooperative agreements, loans, or other arrangements to which reference is made in subsection (a) of this section, or which may relate to the compliance of the recipient with any requirement of an applicable program.
(Pub. L. 90–247, title IV, §443, formerly §437, as added Pub. L. 95–561, title XII, §1231(c), Nov. 1, 1978, 92 Stat. 2346; renumbered §443 and amended Pub. L. 103–382, title II, §§212(b)(1), 248, Oct. 20, 1994, 108 Stat. 3913, 3924.)
Prior Provisions
A prior section 443 of Pub. L. 90–247 was classified to section 1233b of this title prior to repeal by Pub. L. 103–382.
Amendments
1994—Subsec. (a). Pub. L. 103–382, §248(1), substituted grant, subgrant, cooperative agreement, loan, or other arrangement for grant, subgrant, contract, subcontract, loan, or other arrangement (other than procurement contracts awarded by an administrative head of an educational agency), inserted financial or programmatic before audit., and substituted three years for five years.
Subsec. (b). Pub. L. 103–382, §248(2), substituted to any records maintained by a recipient that may be related, or pertinent to, grants, subgrants, cooperative agreements, loans, or other arrangements for to any records of a recipient which may be related, or pertinent to, the grants, subgrants, contracts, subcontracts, loans, or other arrangements.
Effective Date
Section effective with respect to appropriations for fiscal year 1980 and subsequent fiscal years, see section 1261 of Pub. L. 95–561, set out as a note under section 1232c of this title.
U.S. Encyclopedia of Law Coverage
Title 20 – Education in the Legal Encyclopedia: Records
In this entry about Title 20 – Education, find legal reference material, bibliographies and premiere content related to records in the American Encyclopedia of Law, presenting a comprehensive view of the United States records-specific issues, written by authorities in the field.
Subchapter II – Fraudulent Access To Financial Information in the Legal Encyclopedia: Privacy
In this entry about Subchapter II – Fraudulent Access To Financial Information, find legal reference material, bibliographies and premiere content related to privacy in the American Encyclopedia of Law, presenting a comprehensive view of the United States privacy-specific issues, written by authorities in the field.
Leave a Reply