(a) The Authority and/or the State Controller may conduct or require periodic audits to ensure Grantees are using grant funds consistent with the requirements of the program and this article as approved. Grantees shall retain all documentation and financial data necessary to substantiate the purposes for which the grant funds were spent for a period of three years after the end of the grant period.

(b) Grantees may be required to routinely verify continued eligibility.

(c) The Authority reserves the right to conduct site visits to any charter school facility or project receiving a grant pursuant to this Article.