49 USC 5566 - Sec. 5566. Records and audits
49 USC - US Code - Title 49: Transportation (January 2003)
Permanent Link:
http://vlex.com/vid/sec-records-and-audits-19260455
Id. vLex: VLEX-19260455
Click here to download this article in graphic format (Acrobat Reader)
Document language
Search in this document
Document options
(a) Record Requirements. - Each recipient of financial assistance under this chapter shall keep records required by the Secretary of Transportation.
The records shall disclose - (1) the amount, and disposition by the recipient, of the proceeds of the assistance; (2) the total cost of the project for which the assistance was given or used; (3) the amount of that part of the cost of the project supplied by other sources; and (4) any other records that will make an effective audit easier. (b) Audits and Inspections. - For 3 years after a project is completed, the Secretary and the Comptroller General may audit and inspect records of a recipient that the Secretary or Comptroller General decides may be related or pertinent to the financial assistance.
Historical And Revision Notes
Revised Source (U.S. Code) Source (Statutes at Large) Section
5566(a) 49 App.:1653(i)(8) Oct. 15, 1966, Pub. L. (1st sentence). 89-670, 80 Stat. 931, Sec. 4(i)(8); added Oct. 28, 1974, Pub. L. 93-496, Secs. 6, 15, 88 Stat. 1530, 1533; Feb. 5, 1976, Pub. L. 94-210, Sec. 707(3), 90 Stat. 125; May 30, 1980, Pub. L. 96-254, Sec. 206(a), 94 Stat. 412. 5566(b) 49 App.:1653(i)(8) (last sentence).
In this section, the word "undertaking" is omitted as being included in "project". In subsection (a), before clause (1), the word "fully" is omitted as surplus.
In subsection (b), the words "the expiration of" and "of the United States" are omitted as surplus.
The words "or any of their duly authorized representatives" are omitted as unnecessary because of 49:322(b) and 31:711(2). The words "may audit and inspect" are substituted for "shall have access for the purpose of audit and examination" for consistency in the revised title and with other titles of the United States Code. The word "recipient" is substituted for "such receipts" to correct an error in the underlying source provisions.
Try vLex for FREE for 3 days
Access legal information from United States including:
- Constitutions
- Forms and Contracts
- Legal Books and Journals
- Case Law
- News and Business
- Regulations
- U.S. Code
Try vLex without any commitment for 3 days and see why you need it.
3
days of Free Access
