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§ 2311. Reporting and inspection

Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 12 Pa.C.S.A. Commerce and TradeEffective: November 1, 2014

Purdon's Pennsylvania Statutes and Consolidated Statutes
Title 12 Pa.C.S.A. Commerce and Trade (Refs & Annos)
Part III. Economic Development Programs
Chapter 23. Small Business First (Refs & Annos)
Effective: November 1, 2014
12 Pa.C.S.A. § 2311
§ 2311. Reporting and inspection
(a) Inspection.--An applicant or a recipient shall, upon request, permit authorized employees of the authority or its agent to inspect the plant, books and records of the applicant or recipient.
(b) Updating.--An applicant or a recipient shall provide updated information to the authority and its agents if conditions change or to the extent that the information originally given becomes inaccurate or misleading.
(c) Periodic reports.--A recipient shall provide the authority and its agents with such periodic financial reports as the authority may require until the loan is repaid in full.
(d) Financial and performance audits.--An agent of the authority shall annually submit to the authority, at the agent's expense, an independent financial audit. If the audit reveals misconduct of a material nature on the part of the agent, the authority shall take appropriate action.

Credits

2004, Feb. 12, P.L. 99, No. 12, § 2, imd. effective. Amended 2014, Oct. 22, P.L. 2569, No. 161, § 6, effective Nov. 1, 2014.
12 Pa.C.S.A. § 2311, PA ST 12 Pa.C.S.A. § 2311
Current through Act 13 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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