310 CMR, § 40.1460 - Records to be Maintained by Grantees
(1) The
grantee shall maintain books, records, documents, and supporting evidence which
shall fully explain the source, amount, and disposition of all grant
funds.
(2) The grantee shall
require its contractors, including contractors for professional services, to
maintain accurate books, documents, papers, and records which are pertinent to
the project.
(3) The grantee and
contractors of the grantee shall retain all records for a period of at least
three years from the date of the final grant payment, and longer if required
pursuant to 310 CMR 40.1460(5).
(4)
The grantee and its contractors shall make records available to the Department
at all reasonable times for inspection, copying, and auditing.
(5) The grantee and its contractors shall
retain all records relating to disputes until all appeals, litigation, claims,
or exceptions arising out of the grantee's project have been fully
resolved.
Notes
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