04 NCAC 19Q .0604          RECORDKEEPING

(a)  ECD, or any of ECD's duly authorized representatives, shall have access to all books, accounts, records, reports, files, audits, and other papers or property of recipients or their subrecipients and contractors pertaining to funds provided under this Subchapter for the purpose of making surveys, audits, examinations, excerpts and transcripts.

(b)  Financial records, supporting documents and all other reports and records required under this Subchapter, and all other audits and records pertinent to the ESGP Program shall be retained by the recipient for a period of at least three years from the date of the closeout of the program, except that records shall be retained until all litigations, claims, or audit findings involving the records have been resolved.

(c)  All records shall be sufficient to determine compliance with the requirements and primary objectives of the ESGP Program and all other applicable laws and regulations.  All accounting records shall be supported by source documentation.

 

History Note:        Filed as a Temporary Rule Eff. March 6, 1989 for a period of 180 days to expire on

September 2, 1989;

Authority G.S. 143‑323; 143B‑10; 24 C.F.R. 576.87;

Eff. August 1, 1989;

Amended Eff. August 1, 1990.