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49 U.S.C. § 5566Records and audits

submitted 32 years ago by Pub. L. 103-272 to r/title-49-TRANSPORTATION · 125 words · no verdicts yet

in plain englishAI-generated · not legal advice

A translation hasn’t been published for this section yet. The official text below is complete and authoritative.

the actual law source: uscode.house.gov ↗public domain
(a)Record Requirements.—

Each recipient of financial assistance under this chapter shall keep records required by the Secretary of Transportation. The records shall disclose—

(1)

the amount, and disposition by the recipient, of the proceeds of the assistance;

(2)

the total cost of the project for which the assistance was given or used;

(3)

the amount of that part of the cost of the project supplied by other sources; and

(4)

any other records that will make an effective audit easier.

(b)Audits and Inspections.—

For 3 years after a project is completed, the Secretary and the Comptroller General may audit and inspect records of a recipient that the Secretary or Comptroller General decides may be related or pertinent to the financial assistance.

Source credit: (Pub. L. 103–272, § 1(d), July 5, 1994, 108 Stat. 853.)

history & why it existsrecord from the source credit
  • 1994Enacted · Pub. L. 103-272 · 108 Stat. 853

A history note hasn’t been published yet. The record shows enactment by Pub. L. 103-272 on 1994-07-05.

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