Records and audit

42 U.S.C. § 7611
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
(a) Recipients of assistance to keep prescribed rec­ordsEach recipient of assistance under this chapter shall keep such records as the Administrator shall prescribe, including records which fully disclose the amount and disposition by such recipient of the proceeds of such assistance, the total cost of the project or undertaking in connection with which such assistance is given or used, and the amount of that portion of the cost of the project or undertaking supplied by other sources, and such other records as will facilitate an effective audit. (b) AuditsThe Administrator and the Comptroller General of the United States, or any of their duly authorized representatives, shall have access for the purpose of audit and examinations to any books, documents, papers, and records of the recipients that are pertinent to the grants received under this chapter.

Starting a business? Corpus forms LLCs in all 50 states and DC.