[Code of Federal Regulations]

[Title 14, Volume 3]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 14CFR152.307]



[Page 138-139]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

CHAPTER I--FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION 

                               (CONTINUED)

 

PART 152_AIRPORT AID PROGRAM--Table of Contents

 

             Subpart D_Accounting and Reporting Requirements

 

Sec. 152.307  Retention of records.



    Each sponsor or planning agency shall retain, for a period of 3 

years after the date of submission of the final expenditure report--

    (a) Documentary evidence, such as invoices, cost estimates, and 

payrolls, supporting each item of project costs; and



[[Page 139]]



    (b) Evidence of all payments for items of project costs, including 

vouchers, cancelled checks or warrants, and receipts for cash payments.