§98.67. Fiscal requirements.
45 C.F.R. § 98.67
Lead Agencies shall expend and account for CCDF funds in accordance with their own laws and procedures for expending and accounting for their own funds.
Unless otherwise specified in this part, contracts that entail the expenditure of CCDF funds shall comply with the laws and procedures generally applicable to expenditures by the contracting agency of its own funds.
Fiscal control and accounting procedures shall be sufficient to permit:
Preparation of reports required by the Secretary under this subpart and under subpart H; and
The tracing of funds to a level of expenditure adequate to establish that such funds have not been used in violation of the provisions of this part.
Notes, amendments, and revision history
Authority
Authority: 42 U.S.C. 618, 9857 et seq.
Source
Source: 63 FR 39981, July 24, 1998, unless otherwise noted.