§ 5566. Records and audits

• (a) Each recipient of financial assistance under this chapter shall keep records required by the Secretary of Transportation. The records shall disclose—
  • (1) the amount, and disposition by the recipient, of the proceeds of the assistance;
  • (2) the total cost of the project for which the assistance was given or used;
  • (3) the amount of that part of the cost of the project supplied by other sources; and
  • (4) any other records that will make an effective audit easier.
• (b) For 3 years after a project is completed, the Secretary and the Comptroller General may audit and inspect records of a recipient that the Secretary or Comptroller General decides may be related or pertinent to the financial assistance.