1. Regulations
  2. title 14
  3. chapter I-i2
  4. part 152
  5. subpart D
  6. § 152.315

View all text of Subpart D [§ 152.301 - § 152.325]

§ 152.315 - Reporting on accrual basis.

(a) Except as provided in paragraph (b) of this section each sponsor or planning agency shall submit all financial reports on an accrual basis.

(b) If records are not maintained on an accrual basis by a sponsor or planning agency, reports may be based on an analysis of records or best estimates.

AUTHORITY: 49 U.S.C. 106(g), 47106, 47127.

SOURCE: Docket No. 19430, 45 FR 34784, May 22, 1980, unless otherwise noted.

CITE AS: 14 CFR 152.315