Section 54.212. Audit; retention of financial records.

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(1) The department may audit the grantee to assure compliance with the requirements of the grant agreement.

(2) The grantee shall retain all financial records, supporting documents, statistical records, and all other records that are pertinent to a grant for a period of 5 years, unless any litigation or departmental audit is started before the expiration of the 5-year period. Records shall be retained for 7 years from the date of the audit report or until all litigation, claims, or audit findings that involve the records have been resolved, whichever is later.

History: 2013 AACS.

                    
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