[Code of Federal Regulations] [Title 45, Volume 1] [Revised as of October 1, 2003] From the U.S. Government Printing Office via GPO Access [CITE: 45CFR74.50] [Page 225] TITLE 45--PUBLIC WELFARE AND HUMAN SERVICES Subpart C--Post-Award Requirements Sec. 74.50 Purpose of reports and records. Sections 74.51 through 74.53 set forth the procedures for monitoring and reporting on the recipient's financial and program performance and the necessary standard reporting forms. They also set forth record retention requirements.