15A NCAC 01L .1202. AUDIT OF PROJECTS


Latest version.
  • (a)  Loan recipients are required to maintain project accounts in accordance with generally accepted government accounting standards.

    (b)  All projects to which a loan has been committed under this Chapter will be audited in accordance with G.S. 159-34.

     

History Note:        Filed as a Temporary Rule Eff. March 8, 1994, for a period of 180 days or until the

permanent rule becomes effective, whichever is sooner;

Statutory Authority 1993 S.L., c. 542, s. 10;

Eff. July 1, 1994.