R23-29-17. Reporting

(1) Unless more frequent reporting is required pursuant to subsection (3), Institutions and Entities shall report quarterly to the division on the status of their delegated projects of over $100,000.00. (2) Reports, at a minimum, must include: (i) the current project status including all contracts, change orders and modifications; (ii) a description of any issues that materially impact the project; and (iii) an accounting of project balances, amounts spent to date, amounts obligated and remaining balances. (3) The director may at any time indicate minimum requirements for reports as well as ask for additional information. (3) The division may require the reports to be submitted more often than quarterly in the discretion of the director.