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Code of Federal Regulations Title 34. Education § 34.628.47 What shall a grantee record and report?

Current as of January 02, 2025 | Updated by Findlaw Staff

A grantee shall—

(a) Keep records of—

(1) The source, kind and amount of matching funds;

(2) The type and amount of investments of the endowment fund;

(3) The amount of endowment fund income;  and

(4) The amount and purpose of expenditures of endowment fund income;

(b) Retain each year's records for a minimum of five years after the grant period ends;

(c) Allow the Secretary access to information that the Secretary judges necessary to audit or examine the records required in paragraph (a) of this section;

(d) Carry out the audit required in 2 CFR part 200, subpart F;

(e) Comply with the reporting requirements in 2 CFR 200.512;  and

(f) Submit reports on a timely basis that are requested by the Secretary.

(Approved by the Office of Management and Budget under control number 1840–0564)

(Authority:  20 U.S.C. 1065 and 1232f)

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Cite this article: FindLaw.com - Code of Federal Regulations Title 34. Education § 34.628.47 What shall a grantee record and report? - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-34-education/cfr-sect-34-628-47/

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