7 CFR 4280.55
§ 4280.55 Monitoring responsibilities.
United States · 7 CFR — Agriculture · Status: effective
Cite this
- Citation
- 7 CFR 4280.55, § 4280.55 Monitoring responsibilities, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/31100
- Permanent ID
ys:prov:31100@1- SHA-256
172e5cc72b2090171966529f6eef82b743eb54332a415cb70302af6bf0b64691
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) The Intermediary must monitor the Project to ensure that:
(1) Funds are used only for the approved purposes as specified in the legal documents;
(2) Disbursements and expenditures of funds are properly supported with certifications, invoices, contracts, bills of sale, or other forms of evidence, which are maintained on the premises of the Intermediary;
(3) Project time schedules are being met, projected work by time periods is being accomplished, and other performance objectives are being achieved; and
(4) The Project is in compliance with all applicable regulations.
(b) Rural Development may inspect and copy records and documents that pertain to the Project. The Intermediary must retain these records for the term of the Project loan plus 2 years. In addition, Rural Development may also perform Project site visits and reviews of the use of loan or Grant proceeds.
(c) Rural Development will review and monitor Grants in accordance with 2 CFR part 200, as adopted by USDA in 2 CFR parts 400, 415, 417, 418, and 421 as applicable.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.