Section 201.7 - [Effective until 2/3/2025] Monitoring and Reporting Requirements(a) A Participant must meet reporting and compliance requirements set out in the Loan Agreement, including, but not limited to providing: (1) annual audited financial statements, including income statement, balance sheet, cash flow, and aging accounts receivables, on or before the one hundred and twentieth day after the end of each Fiscal Year during the term of the Loan Agreement;(2) quarterly unaudited financial statements, including income statement, balance sheet, cash flow, and aging accounts receivables, on or before the thirtieth day after the end of each quarter during the term of the Loan Agreement;(3) quarterly report of the Participant's portfolio of Disaster Recovery Loans under the Program on or before the thirtieth day after the end of each quarter during the term of the Loan Agreement, which includes: (A) the name of the Micro-Businesses that have received a Disaster Recovery Loan;(B) the current balance of all outstanding Disaster Recovery Loans; and(C) the default rate of on existing Disaster Recovery Loans.(b) A Participant shall allow the Office to inspect the Participant's financial records on request for purposes that relate to one or more Disaster Recovery Loans under the Program.10 Tex. Admin. Code § 201.7
Adopted by Texas Register, Volume 49, Number 42, October 18, 2024, TexReg 8441, eff. 10/7/2024, exp. 2/3/2025 (Emergency)