<?xml version='1.0' encoding='utf-8'?>
<regulation prefix="Regulation" num=".05" citation="COMAR 07.01.20.05" title_num="07" subtitle_num="01" chapter_num="20" heading="Fiscal Recording.">
  <text>The administering agency shall:</text>
  <paragraph num="A.">
    <text>Maintain books, records, documents, and other evidence of all expenditures and income;</text>
  </paragraph>
  <paragraph num="B.">
    <text>Maintain records according to generally acceptable accounting standards; and</text>
  </paragraph>
  <paragraph num="C.">
    <text>Present, upon receipt of notice by a State auditor or other individual authorized to monitor the Program, all books, records, documents, and other evidence pertaining to the Program for inspection, review, or audit.</text>
  </paragraph>
</regulation>