§ 57.2809 - What other records, audit, and inspection requirements apply to grantees?

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(a) Each entity which receives a grant under this subpart must meet the requirements of 45 CFR part 74 concerning audit and inspection.

(b) The grantee must also maintain: (1) A record of all applications for scholarships, and the basis for approving or disapproving each application, including a copy of the total need analysis and determination of resources for each applicant and documentation for any changes made to the need analysis report used by the school; (2) A record of the amount of funds awarded to each recipient.
(Approved by the Office of Management and Budget under control number 0915-0028)

                    
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