CFR > Title 34 - Education > SUBTITLE A—Office of the Secretary, Department of Education > PART 75—DIRECT GRANT PROGRAMS > SUBPART F—What Are the Administrative Responsibilities of a Grantee? (§75.700 to §75.740) > 75.720—Financial and performance reports.

75.720—Financial and performance reports.

(a) This section applies to the reports required under—
(1) 34 CFR 74.51 (Monitoring and reporting program performance) and 34 CFR 74.52 (Financial reporting); and
(2) 34 CFR 80.40 (Monitoring and reporting program performance) and 34 CFR 80.41 (Financial reporting).
(b) A grantee shall submit these reports annually, unless the Secretary allows less frequent reporting. However, the Secretary may require a grantee of a grant made under 34 CFR part 700, 706, 707, or 708 (certain programs of the Office of Educational Research and Improvement) to submit performance reports more often than annually.
(c) The Secretary may require a grantee to report more frequently than annually under 34 CFR 74.14 (Special award conditions), 34 CFR 74.21 (Standards for financial management systems), 34 CFR 80.12 (Special grant or subgrant conditions for “high-risk” grantees) or 34 CFR 80.20 (Standards for financial management systems).

Code of Federal Regulations

(Authority: 20 U.S.C. 1221e-3 and 3474 )

Code of Federal Regulations

[57 FR 30340, July 8, 1992, as amended at 64 FR 50392, Sept. 16, 1999]