§ 1063c. Reporting and audit requirements
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/usc/title-20/section-1063cA research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(a)Recordkeeping Each recipient of a grant under this part shall keep such records as the Secretary shall prescribe, including records which fully disclose—
(1)the amount and disposition by such recipient of the proceeds of such assistance;
(2)the cost of the project or undertaking in connection with which such assistance is given or used;
(3)the amount of that portion of the cost of the project or undertaking supplied by other sources; and
(4)such other records as will facilitate an effective audit.
(b)Use of unexpended funds Any funds paid to an institution and not expended or used for the purposes for which the funds were paid during the five-year period following the date of the initial grant award, may be carried over and expended during the succeeding five-year period, if such funds were obligated for a purpose for which the funds were paid during the five-year period following the date of the initial grant award.
(Pub. L. 89–329, title III, § 327, as added Pub. L. 99–498, title III, § 301(a), Oct. 17, 1986, 100 Stat. 1298; amended Pub. L. 100–50, § 2(a)(11), June 3, 1987, 101 Stat. 335; Pub. L. 110–315, title III, § 312, Aug. 14, 2008, 122 Stat. 3180.)
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statutes-at-large
- Public Law 110–315To amend and extend the Higher Education Act of 1965, and for other purposes
- Public Law 99–498To reauthorize and revise the Higher Education Act of 1965, and for other purposes
- Public Law 100–50To make certain technical and conforming amendments in the Higher Education Act of 1965, and for other purposes
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- Pub. L. 89–329, title III, § 327
- Pub. L. 99–498, title III, § 301(a)
- 100 Stat. 1298
- Pub. L. 100–50, § 2(a)(11)
- 101 Stat. 335
- Pub. L. 110–315, title III, § 312
- 122 Stat. 3180
- Pub. L. 110–315
- Pub. L. 100–50
- Pub. L. 99–498
- section 27 of Pub. L. 100–50
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§ 1063c
Reporting and audit requirements
Fed. Reg.×3
Stat.×3
Stat. Comp.×1
Pub. L.Pub. L. 89–329, title III, § 327
Pub. L.Pub. L. 99–498, title III, § 301(a)
Stat.100 Stat. 1298
Pub. L.Pub. L. 100–50, § 2(a)(11)
Stat.101 Stat. 335
Cites 12 · showing 6Cited by 7 across 3 sources