An LEA must retain the records described in § 222.9 until the later of—
(a)
Three years after the last payment for a fiscal year; or
(b)
If the records have been questioned on Federal audit or review, until the question is finally resolved and any necessary adjustments to payments have been made.
Code of Federal Regulations
(Authority:
20 U.S.C. 1232f, 7702, 7703, 7704, 7706
)