§ 17.723 - Audit of recipients of aid.

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(a) State and local government entities. State, local and Indian tribal governments that receive $25,000 or more in assistance under this part shall have an audit made in accordance with the requirements of 38 CFR part 41.

(b) Nonprofit entities. Nonprofit entities receiving assistance under this part shall be subject to the audit requirements contained in OMB Circular A-133.

                    
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