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§ 7504. —  Federal agency responsibilities and relations with nonFederal entities. - US § 7504. —  Federal agency responsibilities and relations with nonFederal entities. - US Code : CHAN ROBLES VIRTUAL LAW LIBRARY


[Laws in effect as of January 7, 2003]
[Document not affected by Public Laws enacted between
  January 7, 2003 and December 19, 2003]
[CITE: 31USC7504]

 
                       TITLE 31--MONEY AND FINANCE
 
              SUBTITLE V--GENERAL ASSISTANCE ADMINISTRATION
 
               CHAPTER 75--REQUIREMENTS FOR SINGLE AUDITS
 
Sec. 7504. Federal agency responsibilities and relations with 
        non-Federal entities
        
    (a) Each Federal agency shall, in accordance with guidance issued by 
the Director under section 7505, with regard to Federal awards provided 
by the agency--
        (1) monitor non-Federal entity use of Federal awards, and
        (2) assess the quality of audits conducted under this chapter 
    for audits of entities for which the agency is the single Federal 
    agency determined under subsection (b).

    (b) Each non-Federal entity shall have a single Federal agency, 
determined in accordance with criteria established by the Director, to 
provide the non-Federal entity with technical assistance and assist with 
implementation of this chapter.
    (c) The Director shall designate a Federal clearinghouse to--
        (1) receive copies of all reporting packages developed in 
    accordance with this chapter;
        (2) identify recipients that expend $300,000 or more in Federal 
    awards or such other amount specified by the Director under section 
    7502(a)(3) during the recipient's fiscal year but did not undergo an 
    audit in accordance with this chapter; and
        (3) perform analyses to assist the Director in carrying out 
    responsibilities under this chapter.

(Added Pub. L. 98-502, Sec. 2(a), Oct. 19, 1984, 98 Stat. 2333; amended 
Pub. L. 104-156, Sec. 2, July 5, 1996, 110 Stat. 1402.)


                               Amendments

    1996--Pub. L. 104-156 substituted ``Federal agency responsibilities 
and relations with non-Federal entities'' for ``Cognizant agency 
responsibilities'' in section catchline and amended text generally. 
Prior to amendment, text read as follows:
    ``(a) The Director shall designate cognizant agencies for audits 
conducted pursuant to this chapter.
    ``(b) A cognizant agency shall--
        ``(1) ensure that audits are made in a timely manner and in 
    accordance with the requirements of this chapter;
        ``(2) ensure that the audit reports and corrective action plans 
    made pursuant to section 7502 of this title are transmitted to the 
    appropriate Federal officials; and
        ``(3)(A) coordinate, to the extent practicable, audits done by 
    or under contract with Federal agencies that are in addition to the 
    audits conducted pursuant to this chapter; and (B) ensure that such 
    additional audits build upon the audits conducted pursuant to this 
    chapter.''

                  Section Referred to in Other Sections

    This section is referred to in sections 7502, 7503 of this title; 
title 49 section 47107.




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