
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: 49USC5566]

 
                        TITLE 49--TRANSPORTATION
 
              SUBTITLE III--GENERAL AND INTERMODAL PROGRAMS
 
                  CHAPTER 55--INTERMODAL TRANSPORTATION
 
                        SUBCHAPTER II--TERMINALS
 
Sec. 5566. Records and audits

    (a) Record Requirements.--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) Audits and Inspections.--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.

(Pub. L. 103-272, Sec. 1(d), July 5, 1994, 108 Stat. 853.)

                                          Historical and Revision Notes
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---------------------------------
           Revised  Section                    Source (U.S. Code)              
 Source (Statutes at Large)
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---------------------------------
5566(a)...............................  49 App.:1653(i)(8) (1st          Oct. 1
5, 1966, Pub. L. 89-670, 80 Stat.
                                         sentence).                       931, 
Sec.  4(i)(8); added Oct. 28,
                                                                          1974,
 Pub. L. 93-496, Secs.  6, 15, 88
                                                                          Stat.
 1530, 1533; Feb. 5, 1976, Pub.
                                                                          L. 94
-210, Sec.  707(3), 90 Stat. 125;
                                                                          May 3
0, 1980, Pub. L. 96-254, Sec.
                                                                          206(a
), 94 Stat. 412.
5566(b)...............................  49 App.:1653(i)(8) (last
                                         sentence).
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---------------------------------

    In this section, the word ``undertaking'' is omitted as being 
included in ``project''.
    In subsection (a), before clause (1), the word ``fully'' is omitted 
as surplus.
    In subsection (b), the words ``the expiration of'' and ``of the 
United States'' are omitted as surplus. The words ``or any of their duly 
authorized representatives'' are omitted as unnecessary because of 
49:322(b) and 31:711(2). The words ``may audit and inspect'' are 
substituted for ``shall have access for the purpose of audit and 
examination'' for consistency in the revised title and with other titles 
of the United States Code. The word ``recipient'' is substituted for 
``such receipts'' to correct an error in the underlying source 
provisions.
