§ 7129. Records Retention, Inspections and Audits.

(a) Grantees shall retain all Project and financial records necessary to substantiate the purposes for which the Grant funds were spent for a period of three years after the certification of Project completion has been submitted.

(b) Co-Applicants that are a private nonprofit corporation shall provide, upon request, Audited Financial Statements to Authority Staff.

(c) Authority may perform site visits to inspect the Project during the Grant Period and may inspect and/or audit Project records during the Grant Period and for three years after the certification of Project completion has been submitted.

HISTORY

1. New section filed 11-21-2013 as an emergency; operative 11-21-2013 (Register 2013, No. 47). A Certificate of Compliance must be transmitted to OAL by 5-19-2014 or emergency language will be repealed by operation of law on the following day.

2. New section refiled 5-15-2014 as an emergency; operative 5-15-2014 (Register 2014, No. 20). A Certificate of Compliance must be transmitted to OAL by 8-13-2014 or emergency language will be repealed by operation of law on the following day.

Note

Note: Authority cited: Sections 5848.5 and 5848.6, Welfare and Institutions Code. Reference: Section 5848.5, Welfare and Institutions Code.