[Code of Federal Regulations]
[Title 13, Volume 1]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 13CFR302.14]

[Page 608]
 
                TITLE 13--BUSINESS CREDIT AND ASSISTANCE
 
CHAPTER III--ECONOMIC DEVELOPMENT ADMINISTRATION, DEPARTMENT OF COMMERCE
 
PART 302_GENERAL TERMS AND CONDITIONS FOR INVESTMENT ASSISTANCE--Table of 
 
Sec.  302.14  Records and audits.

    (a) Records. Recipients of Investment Assistance under PWEDA shall 
keep such records as EDA shall require, including records that fully 
disclose:
    (1) The amount and the disposition by the Recipient of the proceeds 
of the awarded Investment Assistance;
    (2) The total cost of the Project that the Investment Assistance 
funds;
    (3) The amount and nature of the portion of Project costs provided 
by other sources; and
    (4) Such other records as EDA determines will facilitate an 
effective audit.
    (b) Audits. The Recipient shall permit the Assistant Secretary, the 
Inspector General of the Department, the Comptroller General of the 
United States and/or any of their respective agents or representatives 
access to its properties in order to examine all books, correspondence, 
and records, including without limitation computer programs and data 
processing software, to verify the Recipient's compliance with 
Investment Assistance requirements.