Statutes, codes, and regulations
Rhode Island Administrative Code
Title 250 - Department of Environmental ManagementChapter 150 - Water ResourcesSubchapter 20 - Financial Assistance
Part 1 - Rules and Regulations for the State Revolving Fund (SRF) Program (250-RICR-150-20-1)
Section 250-RICR-150-20-1.10 - Project Administration and Audit

250 R.I. Code R. 250-RICR-150-20-1.10

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Current through December 26, 2024
Section 250-RICR-150-20-1.10 - Project Administration and Audit

Any SRF loan project is subject to periodic site visits for reviews and inspections of the project progress, records, and accounts by either or both DEM and the Bank. All SRF project accounts must be reviewed as a major federal program under the federal Single Audit Act standards, 31 U.S.C. § 7501 et seq., during any audit. All project management and fiscal records must be maintained by the borrower for a period of five years following project completion or final financial settlement, whichever is greater.

250 R.I. Code R. 250-RICR-150-20-1.10