The Record and Retention Access section of 2 CFR 200 outlines federal requirements for maintaining grant-related records. Sections 334 to 338 clarify when the mandatory three-year retention period begins.
Key Insights
- Federal grant recipients must retain all related records for a period of three years.
- The starting point for the three-year retention period depends on specific conditions detailed in sections 334 to 338 of 2 CFR 200.
- Proper interpretation of these sections is essential to ensure compliance with federal record-keeping requirements.
This lesson is a preview from our Grants Management Certificate Program. Enroll in a course for detailed lessons, live instructor support, and project-based training.
The Record and Retention Access section of 2 CFR 200 covers sections 334 to 338. One thing I want you to walk away from the interpretation of this section is that three is always the magic number. You must always maintain records pertaining to your grant for three years.
But where that three-year clock starts to tick is determined by your interpretation of sections 334 to 338, which provide guidance on when that clock starts to tick for once again that three-year record of retention.