A grantee shall maintain the financial records and accounts of the grantee's grant project, using accounting principles generally accepted in the United States, in a manner that permits those records and accounts to be audited as prescribed in 7 AAC 78.230.

(Eff. 4/11/81, Register 78; am 7/21/2002, Register 163; am 6/24/2004, Register 170)

Authority: AS 18.05.040, AS 44.30.020, AS 47.30.530, AS 18.08.010, AS 47.05.010, AS 47.37.030, AS 18.08.080, AS 47.06.010, AS 47.37.045, AS 18.25.100, AS 47.20.075, AS 47.40.041, AS 18.28.010, AS 47.20.110, AS 47.40.120, AS 18.28.050, AS 47.27.005, AS 47.80.130, AS 29.60.600, AS 47.27.050, AS 44.29.020, AS 47.30.477