34 C.F.R. § 303.224
The State must ensure that it will—
(b) Keep records and afford access to those records as the Secretary may find necessary to ensure compliance with the requirements of this part, the correctness and verification of reports, and the proper disbursement of funds provided under this part.
(Approved by Office of Management and Budget under control number 1820-0550)
(Authority: 20 U.S.C. 1437(b)(4))