Section Env-Dw 1106.12 - Accounting Each recipient shall:
(a) Use the accounting, audit, and fiscal procedures required by 40 CFR 35.3550(i) for the project;(b) Place all funds received from the DWSRF in a project account for the sole purpose of planning, designing, and constructing or implementing the project as approved by the department;(c) Use all funds received from the DWSRF for the sole purpose of planning, designing, and constructing or implementing the project as approved by the department;(d) Provide an audit prepared by a certified public accountant or licensed public accountant to the department: (1) Annually, if the recipient expends more than $500,000 of federal funds in a federal fiscal year; or(2) In response to a department request for an audit based on a reasonable suspicion of fraud or misuse of SRF funds;(e) Maintain insurance coverage on the project in an amount adequate to protect the state's investment;(f) Comply with any special conditions specified by the department's environmental determination until all financial obligations to the state have been discharged; and(g) Continually abide by the terms of the financial assistance agreement, the department's rules, and relevant state and federal statutes for operation and maintenance of the facility.N.H. Code Admin. R. Env-Dw 1106.12
Derived From Volume XXXV Number 06, Filed February 12, 2015 , Proposed by #10772, Effective 1/24/2015, Expires1/24/2025.