[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: 14CFR152.309]



[Page 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. 152.309  Availability of sponsor's records.



    (a) The sponsor or planning agency shall allow any authorized 

representative of the Administrator, the Secretary of Transportation, or 

the Comptroller General of the United States access to any of its books, 

documents, papers, and records that are pertinent to grants received 

under this part for the purposes of accounting and audit.

    (b) The sponsor or planning agency shall allow appropriate FAA or 

DOT representatives to make progress audits at any time during the 

project, upon reasonable notice to the sponsor or planning agency.

    (c) It audit findings have not been resolved, the applicable records 

shall be retained by the sponsor or planning agency until those findings 

have been resolved.

    (d) Records for nonexpendable property that was acquired with 

Federal funds shall be retained for three years after final disposition 

of the property.

    (e) Microfilm copies of original records may be substituted for 

original records with the approval of the FAA.

    (f) If the FAA determines that certain records have long-term 

retention value, the FAA may require transfer of custody of those 

records to the FAA.