1288.9919 Audits and examinations; penalties.—
(1) AUDITS.—A community development entity that issues an investment approved by the department as a qualified investment shall be deemed a recipient of state financial assistance under s. 215.97, the Florida Single Audit Act. However, an entity that makes a qualified investment or receives a qualified low-income community investment is not a subrecipient for the purposes of s. 215.97.
(2) EXAMINATIONS.—The department may conduct examinations to verify compliance with the New Markets Development Program Act.
History.—ss. 12, 15, ch. 2009-50; s. 201, ch. 2011-142.
1Note.—Expires December 31, 2022, pursuant to s. 15, ch. 2009-50.
Section: Previous 288.991 288.9912 288.9913 288.9914 288.9915 288.9916 288.9917 288.9918 288.9919 288.9920 288.9921 288.9922 NextLast modified: September 23, 2016