HAR §15-311-45
HAR §15-311-45. Audit and cost certification
Cite as Haw. Code R. § 15-311-45
All
books and records of a project shall be subject to
audit and all expenditures of a project shall be
subject to cost certification.
[Eff 4/23/10;
comp
IAN 1 5 2022 ] (Auth:
HRS §201H-202)
(Imp:
HRS
§201H-202)
§15-311-46
Annual report to the governor and
legislature.
The corporation shall at least once a
year file with the governor and the legislature a
report of the revolving fund activities for the
preceding year.
As used in this section, the term
year shall mean the fiscal year beginning on July 1,
and ending on June 30.
The annual report shall
provide the following information on the status of its
programs and finances:
(1)
A description of projects being developed in
the current fiscal biennium including:
(A)
A summary listing of such projects;
(B)
The status of each project;
(C)
The methods of project financing of
grants and loans;
(D)
Other information deemed significant;
(2)
A status report of:
(A)
Actual expenditures made for the
purposes of the revolving fund in the
prior completed fiscal year; and
311-20
§15-311-51
(B)
Estimated expenditures anticipated for
the current fiscal year; and
(3)
An annual financial audit and report,
conducted by a certified public accounting
firm and based on the fiscal year beginning
on July 1 and ending on June 30. [Eff
4/23/10; am and comp
JAN 1 5 2022 ]
(Auth:
HRS §201H-202)
(Imp:
HRS §201H-202)