§ 7504. — Federal agency responsibilities and relations with nonFederal entities.
[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.
