Page:United States Statutes at Large Volume 88 Part 1.djvu/612

 568

PUBLIC LAW 93-380-AUG. 21, 1974

[88 STAT.

govern the same or substantially identical circumstances, but shall, in publishing such modification in the Federal Register and submitting it to the Speaker of the House of Representatives and the President of the Senate, indicate how the modification differs from the proposed standard, rule, regulation, or requirement of general applicability earlier disapproved, and how the agency believes the modification disposes of the findings by the Congress in the concurrent resolution of disapproval. "(f) For the purposes of subsections (d) and (e) of this section, i22°ie"^^ ^^^^'^' activities under sections 404, 405, and 406 of this title, and under title Ante, p. 556. IX of the Education Amendments of 1972 shall be deemed to be appli20 USC 1681. cable programs. Schedule, sub^^ (g) Not later than sixty days after the enactment of any part of ^res^sionalTom- any Act affccting the administration of any applicable program, the mittees. Commissioner shall submit to the Committee on Education and Labor of the House of Representatives and the Committee on Labor and Public Welfare of the Senate a schedule in accordance with which the Commissioner has planned to promulgate rules, regulations, and guidelines implementing such Act or part of such Act. Such schedule shall provide that all such rules, regulations, and guidelines shall be promulgated within one hundred and eighty days after the submission of such schedule. Except as is provided in the following sentence, all such rules, regulations, and guidelines shall be promulgated in accordance with such schedule. If the Commissioner finds that, due to circumstances unf orseen. at the time of the submission of any such schedule, he cannot comply with a schedule submitted pursuant to this subsection, he shall notify such committees of such finding and submit a new schedule. If both such committees notify the Commissioner of their approval of such new schedule, such rules, regulations, and guidelines shall be promulgated in accordance with such new schedule.". 2 "use''123^2*^' 0^) The amendment made by paragraph (2) of subsection (a) shall note. be effective on the date of enactment of this Act and shall be effective with respect to the provisions of this Act. AUDITS A N D RECORDKEEPING

se^stal! 326!^' ^^c. 510. Section 434(a) of the General Education Provisions Act is 20 USC 1232c. amended to read as follows: "SEC. 434. (a)(1) Each recipient of Federal funds under any applicable program through any grant, subgrant, contract, subcontract, loan, or other arrangement entered into (other than by formal advertising) shall keep such records as the Assistant Secretary shall prescribe, including records which fully disclose the amount and disposition by such recipient of the proceeds of such assistance, the total cost of the project or undertaking in connection with which such funds are given or used, the amount of that portion of the cost of the project or undertaking supplied by other sources, and such other records as will facilitate an effective audit. "(2) The Secretary and the Comptroller General of the United States, or any of their duly authorized representatives, shall, until the expiration of five years after the completion of the project or undertaking to which reference is made in paragraph (1), have access, for the purpose of audit and examination, to any books, documents, papers, and records of such recipients which, in. the opinion of the Comptroller General, after consultation with the Assistant Secretary, may be related, or pertinent to, the grants, subgrants, contracts, subcontracts, loans, or other arrangements to which reference is made in paragraph (1).".

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