§76.702. Fiscal control and fund accounting procedures. — Inbound Citations
34 C.F.R. § 76.702
Statutory Authority
Cited by 1 regulation in release Current.
Citations to 34 C.F.R. § 76.702 as a whole
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(2) The requirement in paragraph (b)(1) of this section is satisfied by the use of a separate accounting system that includes an audit trail of the expenditure of funds paid to a State under this part. Separate bank accounts are not required. (See 34 CFR 76.702 (Fiscal control and fund accounting procedures).)