Current through December 3, 2024
Section 830-RICR-10-25-1.7 - 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 the Borrower's Annual Audited Finance Statements in accordance with Generally Accepted Accounting Standards, annually within 180 days of the end of the fiscal year;2. A copy of the Borrower's annual budget, within fifteen days of its adoption;3. An annual schedule of current and projected short term and long term debt service;4. An annual schedule of Capital Replacement Reserves;5. Copies of reports submitted to the Rhode Island Department of Environmental Management, and any other regulatory agency relating to the projects financed;6. During the construction period, an accounting of the monthly disbursements relating to the project; and7. Other information or reports that the Bank deems appropriate.830 R.I. Code R. 830-RICR-10-25-1.7