§ 628.47. What shall a grantee record and report?
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/us/cfr/t34/s§ 628.47·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A grantee shall---
(a)Keep records of---
(1)The source, kind and amount of matching funds;
(2)The type and amount of investments of the endowment fund;
(3)The amount of endowment fund income; and
(4)The amount and purpose of expenditures of endowment fund income;
(b)Retain each year's records for a minimum of five years after the grant period ends;
(c)Allow the Secretary access to information that the Secretary judges necessary to audit or examine the records required in paragraph
(a)of this section;
(d)Carry out the audit required in 2 CFR part 200, subpart F;
(e)Comply with the reporting requirements in 2 CFR 200.512; and
(f)Submit reports on a timely basis that are requested by the Secretary. (Approved by the Office of Management and Budget under control number 1840-0564) (Authority: 20 U.S.C. 1065 and 1232f) \[49 FR 28521, July 12, 1984, as amended at 52 FR 11258, Apr. 8, 1987; 53 FR 49146, Dec. 6, 1988; 58 FR 11164, Feb. 23, 1993; 79 FR 76101, Dec. 19, 2014\]
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- 2 CFR 200
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