In addition to complying with applicable 2 CFR part 200 recordkeeping requirements, the State plan must include satisfactory assurances that all recipients of financial assistance under parts B and C of chapter 1 of title VII of the Act will maintain--
(a) Records that fully disclose and document--
(1) The amount and disposition by the recipient of that financial assistance;
(2) The total cost of the project or undertaking in connection with which the financial assistance is given or used;
(3) The amount of that portion of the cost of the project or undertaking supplied by other sources; and
(4) Compliance with the requirements of chapter 1 of title VII of the Act and this part; and
(b) Other records that the Secretary determines to be appropriate to facilitate an effective audit. (Approved by the Office of Management and Budget under control number 1820-0527) (Authority: 29 U.S.C. 796c(m)(4)) [59 FR 41887, Aug. 15, 1994, as amended at 79 FR 76098, Dec. 19, 2014]