1 Tex. Admin. Code § 54.68

Current through Register Vol. 49, No. 48, November 29, 2024

Section 54.68 - Audit Standards

(a) The OAG may require a grantee to conduct or undergo an annual audit of a grant based on applicable audit standards.

(b) A grantee must submit to the OAG copies of all audit reports that a grantee undergoes, regardless of the purpose. Such reports must be submitted to the OAG within 30 calendar days of completion.

(c) OAG grant funds may only be used for the fair and reasonable share of audit costs required by the OAG, in accordance with applicable federal and state cost principles governing allowability and allocation.

1 Tex. Admin. Code § 54.68

The provisions of this §54.68 adopted to be effective May 26, 2013, 38 TexReg 2975