Code of Federal Regulations (alpha)

CFR /  Title 45  /  Part 1309  /  Sec. 1309.42 Audit of mortgage.

Any audit of a grantee, which has acquired or made major renovations to a facility with grant funds, shall include an audit of any mortgage or encumbrance on the facility. Reasonable and necessary fees for this audit and appraisal are payable with grant funds. [68 FR 23223, May 1, 2003]