34 C.F.R. § 628.47

Current through October 31, 2024
Section 628.47 - What shall a grantee record and report?

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.

34 C.F.R. §628.47

49 FR 28521, July 12, 1984, as amended at 52 FR 11258, Apr. 8, 1987; 53 FR 49146, Dec. 6, 1988; 58 FR 11164, Feb. 23, 1993; 79 FR 76101 , Dec. 19, 2014

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

Approved by the Office of Management and Budget under control number 1840-0564