The commerce corporation may conduct audits of any participating lending organization in order to ensure compliance with the provisions of this chapter, any regulations promulgated with respect thereto and agreements between the lending organizations and the commerce corporation on all aspects of the use of program funds and program loan transactions. In the event that the commerce corporation finds noncompliance, the commerce corporation may terminate the lending organization’s participation in the program.
R.I. Gen. Laws § 42-64.25-8
Audits
Known as the Small Business Assistance Program Act
The act spans §§ 42-64.25-1 to 42-64.25-9 (14 sections).
P.L. 2015, ch. 141, art. 19, § 8.
Official source: Rhode Island General Assembly. Reproduced from public-domain Rhode Island statutes; confirm against the official source for the current text. Not legal advice.