---
kind: "section"
citation: "7 C.F.R. § 4280.55"
title: "7"
number: "4280.55"
heading: "Monitoring responsibilities."
url: "https://uscodex.org/cfr/7/4280.55"
---

# §4280.55. Monitoring responsibilities.

- (a) The Intermediary must monitor the Project to ensure that:
  - (1) Funds are used only for the approved purposes as specified in the legal documents;
  - (2) Disbursements and expenditures of funds are properly supported with certifications, invoices, contracts, bills of sale, or other forms of evidence, which are maintained on the premises of the Intermediary;
  - (3) Project time schedules are being met, projected work by time periods is being accomplished, and other performance objectives are being achieved; and
  - (4) **The Project is in compliance with all applicable regulations.**
- (b) Rural Development may inspect and copy records and documents that pertain to the Project. The Intermediary must retain these records for the term of the Project loan plus 2 years. In addition, Rural Development may also perform Project site visits and reviews of the use of loan or Grant proceeds.
- (c) Rural Development will review and monitor Grants in accordance with [2 CFR part 200](/cfr/2/part200.md), as adopted by USDA in 2 CFR parts [400](/cfr/2/part400.md), [415](/cfr/2/part415.md), 417, 418, and 421 as applicable.

## Notes

### Amendments

[72 FR 29843, May 30, 2007, as amended at 79 FR 76015, Dec. 19, 2014]

### Source

Source: 72 FR 29843, May 30, 2007, unless otherwise noted.

### Authority

Authority: 7 U.S.C. 1989(a), 7 U.S.C. 2008s.

### Source

Source: 70 FR 41303, July 18, 2005, unless otherwise noted.

### Amendments

[72 FR 29843, May 30, 2007, as amended at 79 FR 76015, Dec. 19, 2014]