TITLE 74: PUBLIC FINANCE
CHAPTER VIII: ILLINOIS FINANCE AUTHORITY
PART 1100 ILLINOIS FINANCE AUTHORITY
SECTION 1100.555 RECORDKEEPING AND ACCESS TO INFORMATION


 

Section 1100.555  Recordkeeping and Access to Information

 

Any municipality which receives program funds and its project participants shall:  

 

a)         maintain separate, accurate accounts, records, and books relative to the project in such manner and detail as the Authority may prescribe in the loan agreement;

 

b)         grant to the employees of the State or representatives of the Authority at all times during normal business hours and as often as the Authority may require, full and free access to the project and to its accounts, records, and books;

 

c)         permit the Authority or any accountants or auditors approved by the Authority to make periodic audits, excerpts or transcripts of the project accounts, statements and documents; and

 

d)         at the request of the Authority, furnish copies of documents or instruments related to the project in the possession of the municipality or the primary developer as the Authority may from time to time require.

 

(Source:  Recodified from 14 Ill. Adm. Code 1210.400 at 31 Ill. Reg. 12104)