Section 75.720 - Financial and performance reports(a) This section applies to the reports required under- (1)2 CFR 200.327 (Financial reporting); and(2)2 CFR 200.328 (Monitoring and reporting program performance).(b) A grantee shall submit these reports annually, unless the Secretary allows less frequent reporting.(c) The Secretary may require a grantee to report more frequently than annually, as authorized under 2 CFR 200.207 , Specific conditions, and may impose high-risk conditions in appropriate circumstances under 2 CFR 3474.10 .79 FR 76093, Dec. 19, 2014 Authority: 20 U.S.C. 1221e-3 and 3474