§390h. Fiscal accountability

(a) Chief administrative officers; fiscal officers; duties; reports

Any eligible institution that receives payments under the provisions of section 390a of this title shall have a chief administrative officer and a duly designated fiscal officer, who shall be the persons responsible for receipt of payments under the Acts referred to in section 390b(2) of this title, to whom payments can be directed by the Secretary. Such fiscal officer shall receive and account for all funds paid to such institution pursuant to the provisions of this subchapter, and shall submit a report, approved by the chief administrative officer of such institution, to the Secretary on or before the first day of December of each year. Such report shall contain a detailed statement of the amount received under the provisions of this subchapter during the preceding fiscal year, and of its disbursements on schedules prescribed by the Secretary.

(b) Diminution, loss, or misapplication of funds

If any portion of the funds received under this subchapter by the duly authorized fiscal officer of any eligible institution shall by any action or contingency be diminished, lost, or misapplied, it shall be repaid by the institution concerned, and until repaid no part of any subsequent appropriation shall be paid to such institution.

( Pub. L. 88–74, §7, formerly §9, July 22, 1963, 77 Stat. 91 ; Pub. L. 94–273, §7(1), Apr. 21, 1976, 90 Stat. 378 ; Pub. L. 95–113, title XIV, §1416(2), Sept. 29, 1977, 91 Stat. 995 ; renumbered §7 and amended Pub. L. 99–198, title XIV, §1411(i), (k), Dec. 23, 1985, 99 Stat. 1548 .)

Amendments

1985-Subsec. (a). Pub. L. 99–198, §1411(i)(1), substituted "that receives" for "authorized to receive" and references to section "390a" and "390b(2)" for "390c" and "390c(b)" of this title, respectively.

Subsec. (b). Pub. L. 99–198, §1411(i)(2), substituted "funds received under this subchapter" for "allotted funds received" and "shall be paid" for "shall be allocated or paid".

1977-Subsec. (a). Pub. L. 95–113 substituted reference to "eligible institution" for reference to "State agricultural experiment station", struck out directive that the chief administrative officer be known as a director, and substituted reference to a "duly designated fiscal officer" for reference to a "treasurer or other officer appointed by the governing board".

Subsec. (b). Pub. L. 95–113 substituted reference to "duly authorized fiscal officer of any eligible institution" for reference to "authorized receiving officer of any State agricultural experiment station" and "repaid by the institution concerned" for "repaid by the State concerned".

1976-Subsec. (a). Pub. L. 94–273 substituted "December" for "September".

Effective Date of 1977 Amendment

Amendment by Pub. L. 95–113 effective Oct. 1, 1977, see section 1901 of Pub. L. 95–113, set out as a note under section 1307 of this title.

Section Referred to in Other Sections

This section is referred to in section 390i of this title.