---
kind: "section"
citation: "42 C.F.R. § 433.32"
title: "42"
number: "433.32"
heading: "Fiscal policies and accountability."
url: "https://uscodex.org/cfr/42/433.32"
---

# §433.32. Fiscal policies and accountability.


A State plan must provide that the Medicaid agency and, where applicable, local agencies administering the plan will—

- (a) Maintain an accounting system and supporting fiscal records to assure that claims for Federal funds are in accord with applicable Federal requirements;
- (b) Retain records for 3 years from date of submission of a final expenditure report;
- (c) Retain records beyond the 3-year period if audit findings have not been resolved; and
- (d) Retain records for nonexpendable property acquired under a Federal grant for 3 years from the date of final disposition of that property.

## Notes

### Amendments

[44 FR 17935, Mar. 23, 1979]

### Authority

Authority: 42 U.S.C. 1302.

### Source

Source: 43 FR 45201, Sept. 29, 1978, unless otherwise noted.

### Amendments

[44 FR 17935, Mar. 23, 1979]