Rhode Island § 42-41-8 § 42-41-8. Funding for grant audits.

Rhode Island Statutes

§ 42-41-8 — § 42-41-8. Funding for grant audits.

Rhode Island·Title 42 State Affairs and Government·Ch. 42-41 Budgeting, Appropriation, and Receipt of Federal Monies

§ 42-41-8. Funding for grant audits.
(a) Every state department and agency that receives federal assistance funds subject to
            the provisions of the uniform administrative requirements for grants-in-aid to state
            and local governments shall set aside an amount equal to one-tenth of one percent
            (.1%) of the funds received to pay for financial and compliance audits as required
            by the grantor or by state statute.
         
(b) Applications for grants, except where precluded by federal law, shall include requests
            for funds adequate to accomplish the objectives of the grant proposal, including monies
            to pay for f

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§ 42-41-8. Funding for grant audits.

(a) Every state department and agency that receives federal assistance funds subject to the provisions of the uniform administrative requirements for grants-in-aid to state and local governments shall set aside an amount equal to one-tenth of one percent (.1%) of the funds received to pay for financial and compliance audits as required by the grantor or by state statute.

(b) Applications for grants, except where precluded by federal law, shall include requests for funds adequate to accomplish the objectives of the grant proposal, including monies to pay for financial and compliance audits as required by the grantor or by state statute. Monies included in a grant award budgeted and designated for auditing the grant or program shall not be used for any other purpose.

(c) All funds set aside and designated to be used for financial and compliance audits of federal assistance grants shall be deposited into a separate account maintained by the general treasurer for that purpose.

Rhode Island § 42-41-8 (§ 42-41-8. Funding for grant audits.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.