Common use of Retention of Accounting Records Clause in Contracts

Retention of Accounting Records. Financial records, supporting documents, statistical records and a l other records, including electronic storage media pertinent to the Project, sha l be retained for a period of five (5) fiscal years after the closeout of the grant and release of the audit. If any litigation or audit is initiated or claim made before the expiration of the five-year period, the records sha l be retained for five fiscal years after the litigation, audit or claim has been resolved.

Appears in 7 contracts

Samples: State Aid to Libraries Grant Agreement, State Aid to Libraries Grant Agreement, State Aid to Libraries Grant Agreement

AutoNDA by SimpleDocs

Retention of Accounting Records. Financial records, supporting documents, statistical records records, and a l other records, records including electronic storage media pertinent to the Project, Project sha l be retained for a period of five (5) fiscal years after the closeout close out of the grant and release of the auditgrant. If any litigation or audit is initiated initiated, or claim made made, before the expiration of the five-year period, the records sha l be retained for five fiscal years after until the litigation, audit audit, or claim has been resolved.

Appears in 3 contracts

Samples: Grant Award Agreement, Grant Award Agreement, Grant Award Agreement

AutoNDA by SimpleDocs

Retention of Accounting Records. Financial records, supporting documents, statistical records and a l other records, including electronic storage media pertinent to the Project, sha l be retained for a period of five (5) fiscal years after the closeout of the grant and release of the audit. If any litigation or audit is initiated or claim made claimmade before the expiration of the five-year period, the records sha l be retained for five fiscal years after the litigation, audit or claim has claimhas been resolved.

Appears in 2 contracts

Samples: State Aid to Libraries Grant Agreement, State Aid to Libraries Grant Agreement

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!