{"data":{"id":"us/34-cfr-628.47","jurisdiction":"us","citation":"34 CFR 628.47","heading":"What shall a grantee record and report?","body":"A grantee shall—\n(a) Keep records of—\n(1) The source, kind and amount of matching funds;\n(2) The type and amount of investments of the endowment fund;\n(3) The amount of endowment fund income; and\n(4) The amount and purpose of expenditures of endowment fund income;\n(b) Retain each year's records for a minimum of five years after the grant period ends;\n(c) Allow the Secretary access to information that the Secretary judges necessary to audit or examine the records required in paragraph (a) of this section;\n(d) Carry out the audit required in 2 CFR part 200, subpart F;\n(e) Comply with the reporting requirements in 2 CFR 200.512; and\n(f) Submit reports on a timely basis that are requested by the Secretary.","path":["Title 34—Education","Subtitle B—Regulations of the Offices of the Department of Education","CHAPTER VI—OFFICE OF POSTSECONDARY EDUCATION, DEPARTMENT OF EDUCATION","PART 628—ENDOWMENT CHALLENGE GRANT PROGRAM","Subpart E—What Conditions Must a Grantee Meet Under the Endowment Challenge Grant Program?"],"source_url":"https://www.ecfr.gov/api/versioner/v1/full/2026-08-25/title-34.xml","current_through":"2026-08-25","vintage":"","retrieved_at":"2026-08-27T02:25:40Z","sha256":"800abb12678d29cee4c17c0e061b690d422c387463cba6d5eadb5fa5160cbb7f","source_id":"us-cfr","stale":true,"prev":"us/34-cfr-628.46","next":"us/34-cfr-628.48"},"notice":"GroundRules: Original legal text. Not legal advice."}