§ 2907. — Contract and grant authority; records and audits.
[Laws in effect as of January 24, 2002]
[Document not affected by Public Laws enacted between
January 24, 2002 and December 19, 2002]
[CITE: 15USC2907]
TITLE 15--COMMERCE AND TRADE
CHAPTER 56--NATIONAL CLIMATE PROGRAM
Sec. 2907. Contract and grant authority; records and audits
(a) Functions vested in any Federal officer or agency by this
chapter or under the Program may be exercised through the facilities and
personnel of the agency involved or, to the extent provided or approved
in advance in appropriation Acts, by other persons or entities under
contracts or grant arrangements entered into by such officer or agency.
(b)(1) Each person or entity to which Federal funds are made
available under a contract or grant arrangement as authorized by this
chapter shall keep such records as the Director of the Office shall
prescribe, including records which fully disclose the amount and
disposition by such person or entity of such funds, the total cost of
the activities for which such funds were so made available, the amount
of that portion of such cost supplied from other sources, and such other
records as will facilitate an effective audit.
(2) The Director of the Office and the Comptroller General of the
United States, or any of their duly authorized representatives, shall,
until the expiration of 3 years after the completion of the activities
(referred to in paragraph (1)) of any person or entity pursuant to any
contract or grant arrangement 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 person or entity which, in
the judgment of the Director or the Comptroller General, may be related
or pertinent to such contract or grant arrangement.
(Pub. L. 95-367, Sec. 8, Sept. 17, 1978, 92 Stat. 604.)
