Recordkeeping
Each recipient of Federal grants, subgrants, contracts, subcontracts, or loans entered into under this chapter other than by formal advertising, and which are otherwise authorized by this chapter, shall keep such records as the Director or the Inspector General shall prescribe, including records which fully disclose the amount and disposition by such recipient of the proceeds of such assistance, the total cost of the project or undertaking in connection with which such assistance is given or used, the amount of that portion of the cost of the project or undertaking supplied by other sources, and such other records as will facilitate an effective audit.
Access to books, documents, papers, and records; limitations
The Director, the Inspector General, and the Comptroller General of the United States, or any of their duly authorized representatives, shall, until the expiration of three years after completion of the project or undertaking referred to in subsection (a) of this section, have access for the purpose of audit and examination to any books, documents, papers, and records of such recipients which in the opinion of the Director, the Inspector General, or the Comptroller General may be related or pertinent to the grants, contracts, subcontracts, subgrants, or loans referred to in subsection (a).
Pub. L. 93–113, title IV, § 42287 Stat. 414Pub. L. 103–82, title III, § 369107 Stat. 909(, , ; , , .)
Editorial Notes
References in Text
Pub. L. 93–11387 Stat. 394section 4950 of this titleThis chapter, referred to in subsec. (a), was in the original “this Act”, meaning , , , known as the Domestic Volunteer Service Act of 1973, which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under and Tables.
Amendments
Pub. L. 103–82, § 369(1)1993—Subsec. (a). , inserted “or the Inspector General” after “Director”.
Pub. L. 103–82, § 369(2)Subsec. (b). , inserted “, the Inspector General,” after “Director” in two places.
Statutory Notes and Related Subsidiaries
Effective Date of 1993 Amendment
Pub. L. 103–82section 392 of Pub. L. 103–82section 4951 of this titleAmendment by effective , see , set out as a note under .