42 U.S. Code § 3218 - Records and audits

§ 3218.
Records and audits
(a) Recordkeeping and disclosure requirementsEach recipient of assistance under this chapter shall keep such records as the Secretary shall require, including records that fully disclose—
the amount and the disposition by the recipient of the proceeds of the assistance;
the total cost of the project in connection with which the assistance is given or used;
the amount and nature of the portion of the cost of the project provided by other sources; and
such other records as will facilitate an effective audit.
(b) Access to books for examination and audit

The Secretary, the Inspector General of the Department, and the Comptroller General of the United States, or any duly authorized representative, shall have access for the purpose of audit and examination to any books, documents, papers, and records of the recipient that relate to assistance received under this chapter.

(Pub. L. 89–136, title VI, § 608, as added Pub. L. 105–393, title I, § 102(a), Nov. 13, 1998, 112 Stat. 3616.)
Prior Provisions

A prior section 3218, Pub. L. 89–136, title VII, § 708, Aug. 26, 1965, 79 Stat. 573, authorized delegation of functions and transfer of funds, prior to repeal by Pub. L. 105–393, § 102(b)(3).

Effective Date

Section effective on date determined by Secretary of Commerce, but not later than 90 days after Nov. 13, 1998, see section 105 of Pub. L. 105–393, set out as a note under section 3121 of this title.

This is a list of parts within the Code of Federal Regulations for which this US Code section provides rulemaking authority.

This list is taken from the Parallel Table of Authorities and Rules provided by GPO [Government Printing Office].

It is not guaranteed to be accurate or up-to-date, though we do refresh the database weekly. More limitations on accuracy are described at the GPO site.

13 CFR - Business Credit and Assistance



LII has no control over and does not endorse any external Internet site that contains links to or references LII.