[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2001]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR316.16]

[Page 528-529]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 316--GENERAL REQUIREMENTS FOR FINANCIAL ASSISTANCE--Table of Contents
 
Sec. 316.16  Records and audits.

    (a) Each recipient of Federal assistance under PWEDA shall keep such 
records as the Secretary shall require, including records that fully 
disclose--
    (1) The amount and the disposition by the recipient of the proceeds 
of the assistance;

[[Page 529]]

    (2) The total cost of the project in connection with which the 
assistance is given or used;
    (3) The amount and nature of the portion of the cost of the project 
provided by other sources; and
    (4) Such other records as will facilitate an effective audit.
    (b) Access to books for examination and audit--The Secretary, the 
Inspector General of the Department, and the Comptroller General of the 
United States, or any duly authorized representative, shall have access 
for the purpose of audit and examination to any books, documents, 
papers, and records of the recipient that relate to assistance received 
under PWEDA.