D.C. Mun. Regs. tit. 26, r. 26-A2106

Current through Register Vol. 71, No. 49, December 6, 2024
Rule 26-A2106 - EXAMINATION OF SINKING FUNDS
2106.1

The Commissioner may examine all books, papers, property, and affairs concerning the sinking fund. Further, the Commissioner may examine under oath all persons deemed to have material information regarding the property or business of the fund.

2106.2

The management of the sinking fund shall produce at its principal business office at a time designated by the Commissioner its books of original entry, and all records and papers relating to its or their business or affairs.

2106.3

The management of a fund shall take whatever steps are necessary to facilitate the examination of the fund.

2106.4

The Commissioner shall examine each sinking fund to determine whether the fund has the ability to pay judgments obtained against it and to meet the financial obligations imposed by this chapter.

D.C. Mun. Regs. tit. 26, r. 26-A2106

Final Rulemaking published at 36 DCR 5113 (July 21, 1989)