Section 830-RICR-10-05-3.11 - Loan Reporting RequirementsA. Borrowers will be required to provide information to the Bank during the life of the loan including, but not limited to, the following: 1. A copy of its financial statements in a form acceptable to the Bank.2. An annual analysis of Operating Revenues and Expenses with an emphasis on the status of the dedicated revenues and/or general revenues securing the Borrower Bond and operating expenses in excess of budget, annually within nine (9) months of the end of fiscal year if the Borrower Bond is not a general obligation Bond. If the Borrower Bond is a general obligation bond, paid from ad valorem taxes, unless included as part of the annual budget, an analysis of Borrower operating revenues and expenses and a comparison for the respective period, annually within nine (9) months of the end of the fiscal year.3. A copy of the annual budget of the Borrower, within fifteen (15) days of its adoption, if applicable.4. An annual schedule of current and projected short-term and long-term debt service.5. Copies of reports submitted to any other regulatory agency relating to the clean energy related infrastructure Project(s) financed.6. During the construction period, an accounting of the monthly disbursements relating to the Project.7. Other information or reports as and when the Bank may reasonably require.830 R.I. Code R. 830-RICR-10-05-3.11
Adopted effective 2/19/2024