La. Admin. Code tit. 19 § VII-2117

Current through Register Vol. 50, No. 8, August 20, 2024

Section VII-2117 - Compliance Requirements of Project Firms

A. Each year, on the anniversary of the initial disbursement of funds, each recipient of funds shall provide the following:

1. list of all stockholders with the number of shares held by each at any time during the previous year;

2. monthly statement of financial condition including, but not limited to, a balance sheet, profit and loss statement, changes in financial condition, capital reconciliation;

3. current reconciliation of net worth;

4. one-year projected cash flow statement. Statement must be prepared on a month-to-month basis, accompanied with footnotes;

5. current personal financial statement of all principals;

6. annual (within 90 days of the end of the fiscal year) audited financial statement prepared by a certified public accountant;

7. current insurance policies.

La. Admin. Code tit. 19, § VII-2117

Promulgated by the Department of Economic Development, Economic Development Corporation, LR 15:462 (June 1989).

AUTHORITY NOTE: Promulgated in accordance with R.S. 51:2331.