Common use of Establishment and Maintenance of Accounting Records Clause in Contracts

Establishment and Maintenance of Accounting Records. The SUBRECIPIENT shall maintain books, records, documents, and other accounting records in accordance with generally accepted governmental accounting principles. Said records shall be sufficient to properly reflect all costs of whatever nature claimed to have been incurred or anticipated to be incurred in the performance of the identified PROJECT. To facilitate the administration of the PROJECT, separate records shall be established and maintained. The SUBRECIPIENT shall assure that the records to support the miles traveled and the passengers carried as reported pursuant to Section 6 of this Contract are established and maintained.

Appears in 5 contracts

Samples: Specialized Services Operating Assistance Program Contract, Specialized Services Operating Assistance Program Contract, Third Party Contract

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