In addition to complying with applicable EDGAR recordkeeping requirements, the State plan must include satisfactory assurances that all recipients of financial assistance under parts B and C of chapter 1 of title VII of the Act will maintain—
(a)
Records that fully disclose and document—
(1)
The amount and disposition by the recipient of that financial assistance;
(2)
The total cost of the project or undertaking in connection with which the financial 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)
Compliance with the requirements of chapter 1 of title VII of the Act and this part; and
(b)
Other records that the Secretary determines to be appropriate to facilitate an effective audit.
(Approved by the Office of Management and Budget under control number 1820-0527)
Code of Federal Regulations
(Authority:
29 U.S.C. 796c(m)(4)
)