[Code of Federal Regulations] [Title 32, Volume 1] [Revised as of January 1, 2008] From the U.S. Government Printing Office via GPO Access [CITE: 32CFR34.40] [Page 196] TITLE 32--NATIONAL DEFENSE CHAPTER I--OFFICE OF THE SECRETARY OF DEFENSE PART 34_ADMINISTRATIVE REQUIREMENTS FOR GRANTS AND AGREEMENTS WITH FOR-PROFIT ORGANIZATIONS--Table of Contents Subpart B_Post-award Requirements Sec. 34.40 Purpose of reports and records. Sections 34.41 and 34.42 prescribe requirements for monitoring and reporting financial and program performance and for records retention.