[Code of Federal Regulations]

[Title 15, Volume 3]

[Revised as of January 1, 2006]

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

[CITE: 15CFR2301.25]



[Page 513]

 

                  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.