- (a) The Board shall maintain such books and records as the Secretary may require. Such books and records shall be made available upon request by the Secretary for inspection and audit.
- (b) The Board shall prepare and submit to the Secretary, from time to time, such reports as the Secretary may require.
- (c) The Board shall account for the receipt and disbursement of all the funds entrusted to the Board.
- (d) The Board shall cause the books and records of the Board to be audited by an independent auditor at the end of each fiscal period. A report of each audit shall be submitted to the Secretary.