
From the U.S. Code Online via GPO Access
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[Laws in effect as of January 23, 2000]
[Document not affected by Public Laws enacted between
  January 23, 2000 and December 4, 2001]
[CITE: 49USC47121]

 
                        TITLE 49--TRANSPORTATION
 
                     SUBTITLE VII--AVIATION PROGRAMS
 
                  PART B--AIRPORT DEVELOPMENT AND NOISE
 
                    CHAPTER 471--AIRPORT DEVELOPMENT
 
                    SUBCHAPTER I--AIRPORT IMPROVEMENT
 
Sec. 47121. Records and audits

    (a) Records.--A sponsor shall keep the records the Secretary of 
Transportation requires. The Secretary may require records--
        (1) that disclose--
            (A) the amount and disposition by the sponsor of the 
        proceeds of the grant;
            (B) the total cost of the plan or program for which the 
        grant is given or used; and
            (C) the amounts and kinds of costs of the plan or program 
        provided by other sources; and

        (2) that make it easier to carry out an audit.

    (b) Audits and Examinations.--The Secretary and the Comptroller 
General may audit and examine records of a sponsor that are related to a 
grant made under this subchapter.
    (c) Authority of Comptroller General.--When an independent audit is 
made of the accounts of a sponsor under this subchapter related to the 
disposition of the proceeds of the grant or related to the plan or 
program for which the grant was given or used, the sponsor shall submit 
a certified copy of the audit to the Secretary not more than 6 months 
after the end of the fiscal year for which the audit was made. The 
Comptroller General may report to Congress describing the results of 
each audit conducted or reviewed by the Comptroller General under this 
section during the prior fiscal year.
    (d) Audit Requirement.--The Secretary may require a sponsor to 
conduct an appropriate audit as a condition for receiving a grant under 
this subchapter.
    (e) Annual Review.--The Secretary shall review annually the 
recordkeeping and reporting requirements under this subchapter to ensure 
that they are the minimum necessary to carry out this subchapter.
    (f) Withholding Information From Congress.--This section does not 
authorize the Secretary or the Comptroller General to withhold 
information from a committee of Congress authorized to have the 
information.

(Pub. L. 103-272, Sec. 1(e), July 5, 1994, 108 Stat. 1274; Pub. L. 104-
316, title I, Sec. 127(f), Oct. 19, 1996, 110 Stat. 3840.)

                                          Historical and Revision Notes
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---------------------------------
           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
-------------------------------------------------------------------------------
---------------------------------
47121(a)..............................  49 App.:2217(a) (1st sentence).  Sept. 
3, 1982, Pub. L. 97-248, Sec.
                                                                          518, 
96 Stat. 693.
47121(b)..............................  49 App.:2217(b) (1st sentence).
47121(c)..............................  49 App.:2217(c).
47121(d)..............................  49 App.:2217(b) (last
                                         sentence).
47121(e)..............................  49 App.:2217(a) (last
                                         sentence).
47121(f)..............................  49 App.:2217(d).
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---------------------------------

    In subsections (a)-(d), the word ``sponsor'' is substituted for 
``recipient of a grant under this chapter'' and ``recipient'' for 
clarity.
    In subsection (a), before clause (1), the words ``The Secretary may 
require records'' are substituted for ``including records'' for clarity. 
In clause (1), before subclause (A), the word ``fully'' is omitted as 
surplus.
    In subsection (b), the words ``or any of their duly authorized 
representatives'' are omitted as surplus because of 49:322(b) and 
31:711. The words ``may audit and examine'' are substituted for ``shall 
have access for the purpose of audit and examination'' to eliminate 
unnecessary words. The words ``books, documents, papers'' are omitted as 
being included in ``records''.
    In subsection (e), the words ``minimum necessary to carry out'' are 
substituted for ``that such requirements are kept to the minimum level 
necessary for the proper administration of'' to eliminate unnecessary 
words.
    In subsection (f), the words ``or any officer or employee under the 
control of either of them'' are omitted as surplus because of 49:322(b) 
and 31:711.


                               Amendments

    1996--Subsec. (c). Pub. L. 104-316, in first sentence, substituted 
``Secretary'' for ``Comptroller General'', in second sentence, 
substituted ``The Comptroller General may'' for ``Not later than April 
15 of each year, the Comptroller General shall'', and struck out at end 
``The Comptroller General shall prescribe regulations necessary to carry 
out this subsection.''

                  Section Referred to in Other Sections

    This section is referred to in section 47110 of this title.
