Record Retention
- Records must be maintained for 3 years after the submission of the final financial status report
- In the event of litigation, claim, negotiation, audit or other action, 3 year period begins after the resolution of issues
- For equipment, the 3 year period begins at the date of disposition
- For indirect cost allocation plans, the 3 years begin after the plan is submitted to the FTA for approval or at the end of the fiscal year that the plan covers, which ever is later
2005 - Federal Transit Administration