§ 886.19 How must I account for grant funds?
Primary source
Verbatim text below is from the Electronic Code of Federal Regulations (eCFR), a public-domain U.S. government work. Always verify the current version with the eCFR before relying on it for any legal matter.
Full Text
You must do all of the following in accordance with the requirements of 43 CFR part 12:
(a) Accurately and timely account for grant funds;
(b) Adequately safeguard all funds, property, and other assets and assure that they are used solely for authorized purposes;
(c) Provide a comparison of actual amounts spent with budgeted amounts for each grant;
(d) Request any cash advances as closely as possible to the actual time of the disbursement; and
(e) Design a systematic method to assure timely and appropriate resolution of audit findings and recommendations.
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.