Section 690.82 - Maintenance and retention of records(a) An institution shall follow the record retention and examination provisions in this part and in 34 CFR 668.24 .(b) For any disputed expenditures in any award year for which the institution cannot provide records, the Secretary determines the final authorized level of expenditures.61 FR 60494, Nov. 27, 1996, as amended at 86 FR 59626 , Oct. 28, 2021 As amended at 86 FR 59626 , 10/28/2021