Md. Code Regs. 05.05.01.28

Current through Register Vol. 51, No. 26, December 27, 2024

Section 05.05.01.28 - Books and Accounts

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

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 sponsors shall be maintained and made available for inspection for 3 years past the date of termination of the contractual relationship between the sponsor 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 them and the sponsor.

Md. Code Regs. 05.05.01.28

Regulations .28 adopted effective March 4, 1991 (18:4 Md. R. 446)
Regulations .01_.23 Rental Housing Program repealed and new Regulations .28 Multifamily Rental Financing Program adopted effective March 13, 2006 (33:5 Md. R. 518)