31 U.S.C. § 7107: Joint management funds

In supporting a project, a joint management fund may be established to administer more effectively amounts received from more than one assistance program or appropriation. A proportional share of the amount required to pay a grantee shall be transferred periodically to the fund from each program or appropriation. When a project is completed, the grantee shall return to the fund an amount not expended. ensure the availability of necessary information to the executive agencies and Congress; provide that the agency administering a fund is responsible and accountable by program and appropriation for the amounts provided for the purposes of each account in the fund; and include procedures for returning, subject to fiscal year limitations, an excess amount to participating executive agencies under the applicable appropriation. An excess amount of an expired appropriation lapses from the fund. the amount and disposition by the recipient of assistance received under each program and appropriation; the total cost of the project for which assistance was given or used; that part of the cost of the project provided from other sources; and other records that will make it easier to carry out an audit. Records of a recipient related to an amount received from a joint management fund shall be made available to the head of the executive agency responsible for administering the fund and the Comptroller General for inspection and audit. the proportional shares applicable to the assistance programs involved; and the proportional shares of an amount transferred to the project account from each of the programs.