---
kind: "section"
citation: "34 C.F.R. § 628.47"
title: "34"
number: "628.47"
heading: "What shall a grantee record and report?"
url: "https://uscodex.org/cfr/34/628.47"
---

# §628.47. What shall a grantee record and report?


A grantee shall—

- (a) **Keep records of—**
  - (1) The source, kind and amount of matching funds;
  - (2) The type and amount of investments of the endowment fund;
  - (3) The amount of endowment fund income; and
  - (4) The amount and purpose of expenditures of endowment fund income;
- (b) Retain each year's records for a minimum of five years after the grant period ends;
- (c) Allow the Secretary access to information that the Secretary judges necessary to audit or examine the records required in [paragraph (a)](#a) of this section;
- (d) Carry out the audit required in [2 CFR part 200](/cfr/2/part200.md), [subpart F](/cfr/34/subpartF.md);
- (e) Comply with the reporting requirements in [2 CFR 200.512](/cfr/2/200.512.md); and
- (f) **Submit reports on a timely basis that are requested by the Secretary.**

## Notes

### Amendments

[49 FR 28521, July 12, 1984, as amended at 52 FR 11258, Apr. 8, 1987; 53 FR 49146, Dec. 6, 1988; 58 FR 11164, Feb. 23, 1993; 79 FR 76101, Dec. 19, 2014]

### Authority

Authority: 20 U.S.C. 1065, unless otherwise noted.

### Source

Source: 49 FR 28521, July 21, 1984, unless otherwise noted.

### Amendments

[49 FR 28521, July 12, 1984, as amended at 52 FR 11258, Apr. 8, 1987; 53 FR 49146, Dec. 6, 1988; 58 FR 11164, Feb. 23, 1993; 79 FR 76101, Dec. 19, 2014]