---
kind: "section"
citation: "15 U.S.C. § 2907"
title: "15"
title_heading: "Commerce and Trade"
number: "2907"
heading: "Contract and grant authority; records and audits"
release: "119-102"
date: "2026-07-12"
url: "https://uscodex.org/usc/15/2907"
units:
  - "Chapter 56 — National Climate Program"
---

# §2907. Contract and grant authority; records and audits

- (a) Functions vested in any Federal officer or agency by this chapter or under the [Program](/usc/15/2903.md?p=3) may be exercised through the facilities and personnel of the agency involved or, to the extent provided or approved in advance in appropriation Acts, by other [persons](/usc/15/7a.md?p=6) or entities under contracts or grant arrangements entered into by such officer or agency.
- (b)
  - (1) Each [person](/usc/15/7a.md?p=6) or entity to which Federal funds are made available under a contract or grant arrangement as authorized by this chapter shall keep such records as the Director of the [Office](/usc/15/2903.md?p=2) shall prescribe, including records which fully disclose the amount and disposition by such [person](/usc/15/7a.md?p=6) or entity of such funds, the total cost of the activities for which such funds were so made available, the amount of that portion of such cost supplied from other sources, and such other records as will facilitate an effective audit.
  - (2) The Director of the [Office](/usc/15/2903.md?p=2) and the Comptroller General of the United States, or any of their duly authorized representatives, shall, until the expiration of 3 years after the completion of the activities (referred to in [paragraph (1)](#b-1)) of any [person](/usc/15/7a.md?p=6) or entity pursuant to any contract or grant arrangement referred to in [subsection (a)](#a), have access for the purpose of audit and examination to any books, documents, papers, and records of such [person](/usc/15/7a.md?p=6) or entity which, in the judgment of the Director or the Comptroller General, may be related or pertinent to such contract or grant arrangement.

## Source credit

(Pub. L. 95–367, § 8, Sept. 17, 1978, 92 Stat. 604.)