94- 457 C.M.R. ch. 314, § 11

Current through 2024-51, December 18, 2024
Section 457-314-11 - Audit

The Authority shall review annually each applicant's participation in the program and may, in its discretion, require an independent audit at the expense of the applicant. If the Authority determines that an applicant has used funds for ineligible purposes, the applicant shall repay those funds to the Authority for deposit into the fund. The Authority may not disburse additional funds to an applicant until it has repaid the misapplied funds and has fully complied with its obligations under the contract with the Authority. In addition to other fees the Authority is authorized to charge the fund hereunder, the Authority shall be entitle to charge the fund for reasonable costs incurred by the Authority for the performance of the audits described in this Section 11.

94- 457 C.M.R. ch. 314, § 11