[Code of Federal Regulations]
[Title 15, Volume 3]
[Revised as of January 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 15CFR2301.25]

[Page 493]
 
                  TITLE 15--COMMERCE AND FOREIGN TRADE
 
       CHAPTER XXIII--NATIONAL TELECOMMUNICATIONS AND INFORMATION 
                 ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 2301_PUBLIC TELECOMMUNICATIONS FACILITIES PROGRAM--Table of Contents
 
                    Subpart E_Completion of Projects
 
Sec. 2301.25  Retention of records and annual status reports.

    (a) All grantees shall keep intact and accessible all records 
specified in Office of Management and Budget Circular A-110 (for 
educational institutions, hospitals, and nonprofit organizations), or 15 
CFR part 24 (for State and Local Governments).
    (b) Recipients of construction grants:
    (1) Are required to submit an Annual Status Report for each grant 
project that is in the Federal interest period. The Reports are due no 
later than April 1 in each year of the Federal interest period. 
Information about what is to be included in the Annual Status Report is 
supplied to grant recipients at the time grants are closed out.
    (2) Shall retain an inventory of the equipment for the duration of 
the ten-year Federal interest period and shall mark project apparatus in 
a permanent manner to assure easy and accurate identification and 
reference to inventory records. The marking shall include the PTFP grant 
number and an inventory number assigned by the grantee.
    (3) May also be required to take whatever steps may be necessary to 
ensure that the Federal government's reversionary interest continues to 
be protected for the 10-year period by recording, when and where 
required, a lien continuation statement and reporting that fact in the 
Annual Status Report.