Code of Federal Regulations

Title 14 - Aeronautics and Space

Volume: 3Date: 2022-01-01Original Date: 2022-01-01Title: Section 152.307 - Retention of records.Context: Title 14 - Aeronautics and Space. CHAPTER I - FEDERAL AVIATION ADMINISTRATION, DEPARTMENT OF TRANSPORTATION (CONTINUED). SUBCHAPTER I - AIRPORTS. PART 152 - AIRPORT AID PROGRAM. Subpart D - Accounting and Reporting Requirements.

§ 152.307 Retention of records. Each sponsor or planning agency shall retain, for a period of 3 years after the date of submission of the final expenditure report— (a) Documentary evidence, such as invoices, cost estimates, and payrolls, supporting each item of project costs; and

Code of Federal Regulations / Title 14 - Aeronautics and Space / Vol. 3 / 2022-01-01738

(b) Evidence of all payments for items of project costs, including vouchers, cancelled checks or warrants, and receipts for cash payments.