South Dakota Administrative Rules
Title 74 - Department of Environment And Natural Resources
Article 74:05 - Water development
Chapter 74:05:11 - Drinking water state revolving fund program
Section 74:05:11:23 - Accounting methods and audits

Universal Citation: SD Admin Rules 74:05:11:23
Current through Register Vol. 50, page 114, March 25, 2024

Each recipient must maintain accounting records in accordance with applicable financial and reporting standards as set forth in the assistance agreement. Each recipient must agree to have audits performed in accordance with applicable state and federal law, as set forth in the assistance agreement. Each loan recipient must retain all accounting records, books, and supporting material for a minimum of three years after completion of the project. Each recipient of set-aside funds must retain all accounting records, books, and supporting material for a minimum of three years after the end of the assistance agreement. These accounting records must be made available for inspection by state and federal representatives upon request.

General Authority: SDCL 46A-1-60.3.

Law Implemented: SDCL 46A-1-60.1 to 46A-1-60.3.

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