Ala. Admin. Code r. 220-1-5-.05

Current through Register Vol. 42, No. 12, September 30, 2024

Section 220-1-5-.05 - Grant Recordkeeping

(1) Each recipient of grant funds shall maintain accurate records of all expenditures associated with the project funded by grants awarded pursuant to this chapter and shall assure that these records are available for inspection and/or audit upon request by the Department. Records shall be kept for a period of at least five years from the execution of the grant agreement.

(2) Recordkeeping information, as required by the Department, shall be listed in the grant agreement and shall be included with each semi-annual report submitted by the recipient. Such requirements established by the Department shall not be inconsistent with accounting and record-keeping methods such entities may be required to follow by the Alabama Department of Examiners of Public Accounts.

Adopted by Alabama Administrative Monthly Volume XL, Issue No. 06, March 31, 2022, eff. 4/14/2022.

Author: Christopher M. Blankenship

Statutory Authority:Code of Ala. 1975, § 9-2-170.