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49 U.S.C. § 5566 - U.S. Code - Unannotated Title 49. Transportation § 5566. Records and audits

Current as of January 01, 2024 | Updated by Findlaw Staff

(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.

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Cite this article: FindLaw.com - 49 U.S.C. § 5566 - U.S. Code - Unannotated Title 49. Transportation § 5566. Records and audits - last updated January 01, 2024 | https://codes.findlaw.com/us/title-49-transportation/49-usc-sect-5566/

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