[Code of Federal Regulations]

[Title 42, Volume 4]

[Revised as of October 1, 2006]

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

[CITE: 42CFR433.32]



[Page 75]

 

                         TITLE 42--PUBLIC HEALTH

 

  CHAPTER IV--CENTERS FOR MEDICARE & MEDICAID SERVICES, DEPARTMENT OF 

                  HEALTH AND HUMAN SERVICES (CONTINUED)

 

PART 433_STATE FISCAL ADMINISTRATION--Table of Contents

 

    Subpart A_Federal Matching and General Administration Provisions

 

Sec.  433.32  Fiscal policies and accountability.



    A State plan must provide that the Medicaid agency and, where 

applicable, local agencies administering the plan will--

    (a) Maintain an accounting system and supporting fiscal records to 

assure that claims for Federal funds are in accord with applicable 

Federal requirements;

    (b) Retain records for 3 years from date of submission of a final 

expenditure report;

    (c) Retain records beyond the 3-year period if audit findings have 

not been resolved; and

    (d) Retain records for nonexpendable property acquired under a 

Federal grant for 3 years from the date of final disposition of that 

property.



[44 FR 17935, Mar. 23, 1979]