OAR 575-035-0050. Record Keeping

(1) Each institution shall maintain sufficient records to document its activities relating to state grant programs. (2) Each institution shall make its academic and financial records available to the Commission at reasonable times for the purpose of assuring that the institution is complying with the rules relating to the administration of the state grant programs. (3) Institutions shall retain the academic and financial records relevant to a disbursement of state grant funds for not less than five years following the end of the fiscal year in which that disbursement occurs.