33 U.S.C. § 1386 : US Code - Section 1386: Audits, reports, and fiscal controls; intended use plan

Search 33 U.S.C. § 1386 : US Code - Section 1386: Audits, reports, and fiscal controls; intended use plan

(a) Fiscal control and auditing procedures
Each State electing to establish a water pollution control
revolving fund under this subchapter shall establish fiscal
controls and accounting procedures sufficient to assure proper
accounting during appropriate accounting periods for -
(1) payments received by the fund;
(2) disbursements made by the fund; and
(3) fund balances at the beginning and end of the accounting
period.
(b) Annual Federal audits
The Administrator shall, at least on an annual basis, conduct or
require each State to have independently conducted reviews and
audits as may be deemed necessary or appropriate by the
Administrator to carry out the objectives of this section. Audits
of the use of funds deposited in the water pollution revolving fund
established by such State shall be conducted in accordance with the
auditing procedures of the Government Accountability Office,
including chapter 75 of title 31.
(c) Intended use plan
After providing for public comment and review, each State shall
annually prepare a plan identifying the intended uses of the
amounts available to its water pollution control revolving fund.
Such intended use plan shall include, but not be limited to -
(1) a list of those projects for construction of publicly owned
treatment works on the State's priority list developed pursuant
to section 1296 of this title and a list of activities eligible
for assistance under sections 1329 and 1330 of this title;
(2) a description of the short- and long-term goals and
objectives of its water pollution control revolving fund;
(3) information on the activities to be supported, including a
description of project categories, discharge requirements under
subchapters III and IV of this chapter, terms of financial
assistance, and communities served;
(4) assurances and specific proposals for meeting the
requirements of paragraphs (3), (4), (5), and (6) of section
1382(b) of this title; and
(5) the criteria and method established for the distribution of
funds.
(d) Annual report
Beginning the first fiscal year after the receipt of payments
under this subchapter, the State shall provide an annual report to
the Administrator describing how the State has met the goals and
objectives for the previous fiscal year as identified in the plan
prepared for the previous fiscal year pursuant to subsection (c) of
this section, including identification of loan recipients, loan
amounts, and loan terms and similar details on other forms of
financial assistance provided from the water pollution control
revolving fund.
(e) Annual Federal oversight review
The Administrator shall conduct an annual oversight review of
each State plan prepared under subsection (c) of this section, each
State report prepared under subsection (d) of this section, and
other such materials as are considered necessary and appropriate in
carrying out the purposes of this subchapter. After reasonable
notice by the Administrator to the State or the recipient of a loan
from a water pollution control revolving fund, the State or loan
recipient shall make available to the Administrator such records as
the Administrator reasonably requires to review and determine
compliance with this subchapter.
(f) Applicability of subchapter II provisions
Except to the extent provided in this subchapter, the provisions
of subchapter II of this chapter shall not apply to grants under
this subchapter.