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45 U.S.C. § 722 45 u.s.c. · regional rail reorganization · title 45
45 U.S.C. § 722
Records, audit, and examination
Title 45 USC
● ACTIVE
Ch. 16
Jurisdiction Federal — United States
Chapter REGIONAL RAIL REORGANIZATION
Primary Source uscode.house.gov ↗
Federation ID OM-USC45-SEC-5F1DE9
STATUTORY TEXT primary source · verbatim · uscode.house.gov

U.S.C. Title 45 - RAILROADS 45 U.S.C. United States Code, 2023 Edition Title 45 - RAILROADS CHAPTER 16 - REGIONAL RAIL REORGANIZATION SUBCHAPTER II - UNITED STATES RAILWAY ASSOCIATION Sec. 722 - Records, audit, and examination From the U.S. Government Publishing Office, www.gpo.gov

§722. Records, audit, and examination

(a) Records Each recipient of financial assistance under this subchapter, whether in the form of loans, obligations, or other arrangements, shall keep such records as the Association or the Secretary shall prescribe, including records which fully disclose the amount and disposition by such recipient of the proceeds of such assistance and such other records as will facilitate an effective audit. (b) Audit and examination The Association, the Secretary, and the Comptroller General of the United States, or any of their duly authorized representatives shall, until the expiration of 3 years after the implementation of the final system plan, have access for the purpose of audit and examination to any books, documents, papers, and records of such recipients which in the opinion of the Association, the Secretary, or the Comptroller General may be related or pertinent to the loans, obligations or other arrangements referred to in subsection (a) of this section. The Association or any of its duly authorized representatives shall, until any financial assistance received under this subchapter has been repaid to the Association, have access to any such materials which concern any matter that may bear upon— (1) the ability of the recipient of such financial assistance to make repayment within the time fixed therefor; (2) the effectiveness with which the proceeds of such assistance is used; and (3) the implementation of the final system plan and the realization of the declaration of policy of this chapter.

(Pub. L. 93–236, title II, §212, Jan. 2, 1974, 87 Stat. 1002.)

Statutory Notes and Related Subsidiaries

Abolition of United States Railway Association and Transfer of Functions and Securities See section 1341 of this title.

Source: uscode.house.gov — public domain Official Source ↗
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The statutory text of 45 U.S.C. § 722 is reproduced from the official United States Code as published by the Office of the Law Revision Counsel of the U.S. House of Representatives (uscode.house.gov).
OakMorel Law
45 U.S.C.
Citation
45 U.S.C. § 722
Status
● ACTIVE
Chapter
16 — REGIONAL RAIL REORGANIZATION
Title
Railroads
Jurisdiction
Federal
Federation ID
OM-USC45-SEC-5F1DE9
Root-LD Spec
v1.0
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Railroads — 45 U.S.C. § 722