Section Env-Dw 1405.18 - Accounting Each recipient shall:
(a) Use generally accepted accounting principles;(b) Place all funds received from the PFAS RLF in a project account for the sole purpose of planning, designing, and constructing the construction project or costs of O&M, as applicable, as approved by the department;(c) Use all funds received from the PFAS RLF for the sole purpose of planning, designing, and constructing the construction project or paying O&M costs, as applicable, as approved by the department;(d) Provide to the department an audit conducted by an accountant licensed under RSA 309-B who meets the qualifications for a forensic accountant established by the Governmental Accounting Standards Board (GASB) for a governmental entity or by the Financial Accounting Standards Board (FASB) for non-governmental entities: (1) Annually, if the recipient expends more than $500,000 of PFAS RLF funds in a calendar year; or(2) In response to a department request for an audit based on a reasonable suspicion of fraud or misuse of PFAS RLF funds;(e) For a construction project, maintain insurance coverage on the project in an amount adequate to protect the state's investment, as determined based on the nature of the project and the amount of funding provided from the PFAS RLF in consultation with the department;(f) For a construction project, 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, applicable rules, and relevant state and federal statutes for operation and maintenance of the facility.N.H. Code Admin. R. Env-Dw 1405.18
Derived from Volume XLI Number 6, Filed February 11, 2021, Proposed by #13164, Effective 1/26/2021, Expires 1/26/2031.