Under EDGAR Part 80.42, SEAs and LEAs are required to
retain records (fiduciary and program) for three years after completion
of the activity for which they used grant funds.
Read the official
text of Part 80.42 on the U.S. Department of
Education website.
This Circular establishes principles and standards for
determining costs for Federal awards carried out through grants,
cost reimbursement contracts, and other agreements with State and
local governments and federally recognized Indian tribal governments
(governmental units). It may be of assistance to SEAs and LEAs in
determining allowable expenditures of McKinney-Vento funds. McKinney-Vento
expenditures are subject to the guidelines listed in the McKinney-Vento
Homeless Assistance Act.
View the circular in HTML
format.
Download the circular in PDF
format.
The content of this publication does not necessarily reflect the
views or policies of the U.S. Department of Education, the University
of North Carolina at Greensboro, nor does mention of trade names,
commercial products, or organizations imply endorsement by the U.S.
Government. This website was produced with funding from the U.S.
Department of Education, on contract no. ED-01-CO-0092/0001.