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U.S. Code as of:
01/19/04
Section 450c. Reporting and audit requirements for recipients of Federal financial assistance
(a) Maintenance of records
(1) Each recipient of Federal financial assistance under this
subchapter shall keep such records as the appropriate Secretary
shall prescribe by regulation promulgated under sections 552 and
553 of title 5, including records which fully disclose -
(A) the amount and disposition by such recipient of the
proceeds of such assistance,
(B) the cost of the project or undertaking in connection with
which such assistance is given or used,
(C) the amount of that portion of the cost of the project or
undertaking supplied by other sources, and
(D) such other information as will facilitate an effective
audit.
(2) For the purposes of this subsection, such records for a
mature contract shall consist of quarterly financial statements for
the purpose of accounting for Federal funds, the annual
single-agency audit required by chapter 75 of title 31 (!1) and a
brief annual program report.
(b) Access to books, documents, papers, and records for audit and
examination by Comptroller General, etc.
The Comptroller General and the appropriate Secretary, or any of
their duly authorized representatives, shall, until the expiration
of three years after completion of the project or undertaking
referred to in the preceding subsection of this section, have
access (for the purpose of audit and examination) to any books,
documents, papers, and records of such recipients which in the
opinion of the Comptroller General or the appropriate Secretary may
be related or pertinent to the grants, contracts, subcontracts,
subgrants, or other arrangements referred to in the preceding
subsection.
(c) Availability by recipient of required reports and information
to Indian people served or represented
Each recipient of Federal financial assistance referred to in
subsection (a) of this section shall make such reports and
information available to the Indian people served or represented by
such recipient as and in a manner determined to be adequate by the
appropriate Secretary.
(d) Repayment to Treasury by recipient of unexpended or unused
funds
Except as provided in section 13a or 450j-1(a)(3) (!2) of this
title, funds paid to a financial assistance recipient referred to
in subsection (a) of this section and not expended or used for the
purposes for which paid shall be repaid to the Treasury of the
United States through the respective Secretary.
(e) Annual report to tribes
The Secretary shall report annually in writing to each tribe
regarding projected and actual staffing levels, funding
obligations, and expenditures for programs operated directly by the
Secretary serving that tribe.
(f) Single-agency audit report; additional information; declination
criteria and procedures
(1) For each fiscal year during which an Indian tribal
organization receives or expends funds pursuant to a contract
entered into, or grant made, under this subchapter, the tribal
organization that requested such contract or grant shall submit to
the appropriate Secretary a single-agency audit report required by
chapter 75 of title 31.
(2) In addition to submitting a single-agency audit report
pursuant to paragraph (1), a tribal organization referred to in
such paragraph shall submit such additional information concerning
the conduct of the program, function, service, or activity carried
out pursuant to the contract or grant that is the subject of the
report as the tribal organization may negotiate with the Secretary.
(3) Any disagreement over reporting requirements shall be subject
to the declination criteria and procedures set forth in section
450f of this title.
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