S.D. Admin. R. 74:05:12:20
Each recipient must maintain accounting records in accordance with financial and reporting standards as promulgated by the Government Accounting Standards Board or Other Comprehensive Basis of Accounting as in effect November 5, 2004. Each recipient must agree to have audits performed in accordance with SDCL chapter 4-11, and if applicable, Federal Office of Management Budget Circular A-133, Audits of States, Local Governments and Non-Profit Organizations, dated June 30, 1997, as provided in the Single Audit Act of 1984, Pub. L. No. 98-502, and the Single Audit Act of 1996, Pub. L. No. 104-156. Each loan recipient shall retain all accounting records, books, and supporting material for a period of three years after completion of the project. Each grant recipient shall retain all accounting records, books, and supporting material for a period of three years after the end of the assistance agreement. These accounting records must be made available for inspection by state and federal representatives upon request..
S.D. Admin. R. 74:05:12:20
General Authority: SDCL 46A-1-102, 46A-1-103.
Law Implemented: SDCL 46A-1-100 to 46A-1-106, inclusive.