Fabio
76b8ec33a7
Ingested titles 12–51 and 54 from OLRC USLM XML @119-100 (the whole Code now, uniform edition; Title 53 is reserved/empty). LegalText 11,221 -> 59,740; repo total 105,704 records. Deterministic (byte-identical rerun, verified on Title 42's 8,356 sections); make check green. make legal-us-code default now covers every title. Co-Authored-By: Claude Opus 4.8 <noreply@anthropic.com>
50 lines
2.7 KiB
Markdown
50 lines
2.7 KiB
Markdown
---
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type: "LegalText"
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title: "45 U.S.C. § 722"
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description: "Records, audit, and examination"
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jurisdiction: "us"
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corpus: "united_states_code"
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kind: "code_section"
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title_number: 45
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title_name: "RAILROADS"
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chapter_number: "16"
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chapter_name: "REGIONAL RAIL REORGANIZATION"
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section: "722"
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citation: "45 U.S.C. § 722"
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status: "current"
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release_point: "119-100"
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release_date: "2026-06-26"
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source: "official"
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source_url: "https://uscode.house.gov/download/releasepoints/us/pl/119/100/xml_usc45@119-100.zip"
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source_identifier: "/us/usc/t45/s722"
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source_file: "data/legal/raw/us/code/title-45/usc45.xml"
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source_hash: "0011bb1d3756e26000b1f35117af16d98015336709cc0693c1466ecea4b0047a"
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raw_snapshot_hash: "6ff04cb352e22f8a18f24c94e9adb8036909cf2a75f41489d768a5934fb9667c"
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text_hash: "521e28b83bb692041685e453cc3921de467e74fdaa7c8da4db3372940a86c18b"
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retrieved_at: "2026-07-04"
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confidence: "official"
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tags: ["legal", "us-code"]
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---
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# 45 U.S.C. § 722 - Records, audit, and examination
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## Text
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(a) Records Each recipient of financial assistance under this subchapter, whether in the form of loans, obligations, or other arrangements, shall keep such records as the Association or the Secretary shall prescribe, including records which fully disclose the amount and disposition by such recipient of the proceeds of such assistance and such other records as will facilitate an effective audit.
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(b) Audit and examination The Association, the Secretary, and the Comptroller General of the United States, or any of their duly authorized representatives shall, until the expiration of 3 years after the implementation of the final system plan, 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 Association, the Secretary, or the Comptroller General may be related or pertinent to the loans, obligations or other arrangements referred to in subsection (a) of this section. The Association or any of its duly authorized representatives shall, until any financial assistance received under this subchapter has been repaid to the Association, have access to any such materials which concern any matter that may bear upon—
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(1) the ability of the recipient of such financial assistance to make repayment within the time fixed therefor;
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(2) the effectiveness with which the proceeds of such assistance is used; and
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(3) the implementation of the final system plan and the realization of the declaration of policy of this chapter.
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(Pub. L. 93–236, title II, § 212, Jan. 2, 1974, 87 Stat. 1002.)
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## Notes
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Statutory Notes and Related Subsidiaries
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Abolition of United States Railway Association and Transfer of Functions and Securities See section 1341 of this title.
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