NAC445A.780. Maintenance of records and accounts.

     1. A recipient shall:

     (a) Establish an official file for the project. The file must contain an adequate record of all significant actions relating to the project.

     (b) Establish accounts that accurately and adequately show all amounts of money:

          (1) Received as financial assistance from the fund.

          (2) Received and spent on the project.

          (3) Received as income from the project.

     (c) Establish a system of accounting which ensures that the final total costs of the project, including all direct and indirect costs, are recorded accurately.

     (d) Establish and maintain such other accounts and records as are required by the Division to comply with requirements for reporting established by the Federal Government.

     (e) Retain all records relating to the project for at least 3 years after final repayment of financial assistance has been made or for any longer period required by the Division.

     2. Any records of a recipient relating to a project must be made available at any reasonable time for inspection or copying by any authorized representative of the Division.

     (Added to NAC by Environmental Comm’n, eff. 9-19-90)—(Substituted in revision for NAC 445.42153)