TITLE IX ACQUISITION OF LANDS BY UNITED STATES; FEDERAL AID
CHAPTER 124 FEDERAL AID
Audits of Federal Grants
Section 124:16
124:16 Funds Set Aside. –
Every state department, board, institution, commission or agency which receives federal funds shall set aside an amount equal to the rate approved in the statewide indirect cost plan of the funds received. The amount set aside shall be used to pay for financial and compliance audits as required by the federal government or by state statute.
Source. 1983, 469:84. 2008, 177:15, eff. June 11, 2008.