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LegalText 42 U.S.C. § 5062 Audit us united_states_code code_section 42 THE PUBLIC HEALTH AND WELFARE 66 DOMESTIC VOLUNTEER SERVICES 5062 42 U.S.C. § 5062 current 119-100 2026-06-26 official https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc42@119-100.zip /us/usc/t42/s5062 data/legal/raw/us/code/title-42/usc42.xml 23fe922fd0fa5adb4b2b3c75687bc0f9aaa3e63fc09f3358a5c6ec2daa86c52e 644321055a08eb1f260a6a3e31ac157fa024756abf612a9fd6857e7e400cf24e a7ea440f7ad69dac1f701d029cdfa07ab31e3c86923997e5cfed266c5a3cdc78 2026-07-04 official
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42 U.S.C. § 5062 - Audit

Text

(a) Recordkeeping Each recipient of Federal grants, subgrants, contracts, subcontracts, or loans entered into under this chapter other than by formal advertising, and which are otherwise authorized by this chapter, shall keep such records as the Director or the Inspector General 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, 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) Access to books, documents, papers, and records; limitations The Director, the Inspector General, and the Comptroller General of the United States, or any of their duly authorized representatives, shall, until the expiration of three years after completion of the project or undertaking referred to in subsection (a) 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 Director, the Inspector General, or the Comptroller General may be related or pertinent to the grants, contracts, subcontracts, subgrants, or loans referred to in subsection (a).

(Pub. L. 93113, title IV, § 422, Oct. 1, 1973, 87 Stat. 414; Pub. L. 10382, title III, § 369, Sept. 21, 1993, 107 Stat. 909.)

Notes

Editorial Notes

References in TextThis chapter, referred to in subsec. (a), was in the original “this Act”, meaning Pub. L. 93113, Oct. 1, 1973, 87 Stat. 394, known as the Domestic Volunteer Service Act of 1973, which is classified principally to this chapter. For complete classification of this Act to the Code, see Short Title note set out under section 4950 of this title and Tables.

Amendments1993—Subsec. (a). Pub. L. 10382, § 369(1), inserted “or the Inspector General” after “Director”. Subsec. (b). Pub. L. 10382, § 369(2), inserted “, the Inspector General,” after “Director” in two places.

Statutory Notes and Related Subsidiaries

Effective Date of 1993 AmendmentAmendment by Pub. L. 10382 effective Oct. 1, 1993, see section 392 of Pub. L. 10382, set out as a note under section 4951 of this title.