Md. Code Regs. 05.04.09.19

Current through Register Vol. 51, No. 24, December 2, 2024

Section 05.04.09.19 - Books and Accounts

A. Borrowers, contractors, and subcontractors shall maintain such books, accounts, and records, and shall file with the Department such financial and other reports as the Department may require from time to time.

B. The books, accounts, and records in § A of this regulation shall be open to the inspection of representatives of the Department or other agencies of the State during reasonable working hours.

C. Books, accounts, and records of the borrower shall be maintained and made available for inspection for 3 years past the date of termination of the contractual relationship between the borrower and the Department. Books, accounts, and records of contractors and subcontractors shall be maintained and made available for inspection for 3 years past the date of termination of the contractual relationships between the contractors and subcontractors and the borrower.

Md. Code Regs. 05.04.09.19

Regulations .19 adopted effective May 25, 1992 (19:10 Md. R. 929)