(a) Each eligible provider shall maintain financial records and records relative to numbers and types of services provided and shall prepare and submit to the commissioner financial and statistical reports in accordance with the requirements of the commissioner. A new eligible provider shall not be required to provide historical financial and statistical reporting unless requested by the commissioner.

(b) All financial reports to be prepared and submitted to the commissioner shall:

(c) All reports to be prepared and submitted to the commissioner shall:

Reports required to be submitted by this section shall be submitted within 120 days after the close of the eligible provider's fiscal year. Extensions of time for filing reports may be granted by the commissioner upon application received prior to the due date of the report only in circumstances where the eligible provider establishes by documentary evidence that the reports cannot be filed by the due date for reasons beyond the control of the eligible provider.

(e) If the eligible provider determines that the information on reports filed with the commissioner is inaccurate, incomplete or incorrect, the eligible provider shall immediately file with the commissioner the corrected reports which comply with the requirements of this section.

(f) If the required financial and statistical reports are determined by the commissioner to be incomplete, inaccurate or incorrect, the eligible provider has 30 days from the date of receipt of notification from the office to provide the correct or additional data.

If an eligible provider fails to file the required financial and statistical reports, in accordance with subdivisions (a) through (f) of this section and on or before the due date or office approved extended due date, the office may, at its discretion, reduce said eligible provider's existing rate or fee by five percent beginning the first day of the month following the original due date or approved extended due date and continuing until the first day of the month in which the reports are received by the office. If the eligible provider fails to file the required financial and statistical reports by the end of the rate period during which the reports were due, the office may, at its discretion, not promulgate a rate or fee for the rate or fee period or periods that were to be calculated based upon the delinquent reports. In such instances, a rate or fee shall be promulgated effective the first day of the month following the receipt of financial and statistical data necessary to calculate said rate or fee.