[Code of Federal Regulations]
[Title 24, Volume 3]
[Revised as of April 1, 2005]
From the U.S. Government Printing Office via GPO Access
[CITE: 24CFR585.401]

[Page 273-274]
 
                 TITLE 24--HOUSING AND URBAN DEVELOPMENT
 
  CHAPTER V--OFFICE OF ASSISTANT SECRETARY FOR COMMUNITY PLANNING AND 
        DEVELOPMENT, DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT
 
PART 585_YOUTHBUILD PROGRAM--Table of Contents
 
                        Subpart E_Administration
 
Sec. 585.401  Recordkeeping by recipients.


    (a) Each recipient of a planning or implementation Youthbuild grant 
award must keep records that will facilitate an effective audit to 
determine compliance with program requirements and that fully disclose:
    (1) The amount and disposition by the recipient of the planning or 
implementation Youthbuild grants received, including sufficient records 
that document the reasonableness, accuracy and necessity of each 
expenditure;
    (2) The amount and disposition of proceeds, if any, from financing 
obtained in connection with the Youthbuild program, e.g., housing sales 
to eligible low-income families, property sales to other public or 
private entities;

[[Page 274]]

    (3) The total cost from all sources of funding for the Youthbuild 
program including all educational, training, counseling, placement, and 
housing activities and services;
    (4) The amount and nature of any other assistance, including cash, 
property, services, materials, in-kind contributions or other items 
contributed as a condition of receiving an implementation grant;
    (5) Any other proceeds received for, or otherwise used in connection 
with, the Youthbuild program.
    (6) Participant information. The recipient must maintain records on 
each Youthbuild participant, including such information as age, high 
school drop out status, income level, gender, employment status, and 
racial and ethnic characteristics.
    (7) Housing information. If Youthbuild grant funds are used for 
acquisition, architectural and engineering fees, construction, 
rehabilitation, operating costs or replacement reserves for housing used 
in a Youthbuild program, the recipient must maintain records on family 
size, income, and racial and ethnic characteristics of families renting 
or purchasing Youthbuild properties.
    (8) Relocation Assistance and Real Property Acquisition. The 
recipient shall maintain records sufficient to demonstrate compliance 
with relocation assistance and real property acquisition requirements, 
as described in chapter 6 of HUD Handbook 1378, Tenant Assistance, 
Relocation and Real Property Acquisition. See Sec. 585.308.
    (b) Implementation grant recipients must submit reports pursuant to 
section 3 regulations at 24 CFR part 135.
    (c) Access by HUD and the Comptroller General. For purposes of 
audit, examination, monitoring, and evaluation, each recipient must give 
HUD (including any duly authorized representatives and the Inspector 
General) and the Comptroller General of the United States (and any duly 
authorized representatives) access to any books, documents, papers, and 
records of the recipient that are pertinent to assistance received.

(Approved by the Office of Management and Budget under control number 
2506-0142)