Section 2992.8 - Fiscal control and fund accountingUnder the provisions of the Omnibus Budget Reconciliation Act of 1981, the department shall:
(1) Provide that fiscal control and fund accounting procedures be established as may be necessary to assure the proper disbursement of and accounting for Federal funds paid to the Commonwealth. This includes procedures which may be necessary for monitoring the assistance provided to community action agencies and other eligible agencies under the provisions of that act.(2) Provide that at least once a year the department shall prepare an audit of its expenditures of amounts received and transferred to carry out the purposes of this section. If the auditing and monitoring procedures result in any audit exceptions or disallowed costs on the part of any local agency, the local agency shall reimburse the department for said audit exceptions and disallowed costs from non-State and non-Federal funds.(3) Permit and cooperate with Federal investigations undertaken pursuant to section 678C of the Omnibus Budget Reconciliation Act of 1981 ( 42 U.S.C. § 9916 ).Amended by P.L. 834 2014 No. 90, § 6, eff. 7/2/2014.2002, May 16, P.L. 315, No. 46, § 8, retroactive effective Jan. 1, 2002.