§ 42-64.25-8. Audits.
The commerce corporation may conduct audits of any participating lending organization in order to ensure compliance with the provisions of this chapter, any regulations promulgated with respect thereto and agreements between the lending organizations and the commerce corporation on all aspects of the use of program funds and program loan transactions. In the event that the commerce corporation finds noncompliance, the commerce corporation may terminate the lending organization’s participation in the program.
History of Section.P.L. 2015, ch. 141, art. 19, § 8.
Structure Rhode Island General Laws
Title 42 - State Affairs and Government
Chapter 42-64.25 - Small Business Assistance Program
Section 42-64.25-1. - Short title.
Section 42-64.25-2. - Statement of intent.
Section 42-64.25-3. - Establishment of small business capital access fund.
Section 42-64.25-4. - Qualifications of lending organizations.
Section 42-64.25-5. - Program loan structures.
Section 42-64.25-6. - Micro-loan allocation.
Section 42-64.25-7. - Lending organization reports.
Section 42-64.25-9. - Termination.
Section 42-64.25-10. - Discretion.
Section 42-64.25-11. - Limitations.
Section 42-64.25-12. - Reporting requirements.