2012 Pennsylvania Consolidated Statutes
Title 12 - COMMERCE AND TRADE
Chapter 23 - Small Business First
Section 2311 - Reporting and inspection

     § 2311.  Reporting and inspection.
        (a)  Inspection.--An applicant or a recipient shall, upon
     request, permit authorized employees of the department or its
     agent to inspect the plant, books and records of the applicant
     or recipient.
        (b)  Updating.--An applicant or a recipient shall provide
     updated information to the department and its agents if
     conditions change or to the extent that the information
     originally given becomes inaccurate or misleading.
        (c)  Periodic reports.--A recipient shall provide the
     department and its agents with such periodic financial reports
     as the department may require until the loan is repaid in full.
        (d)  Financial and performance audits.--An agent of the
     department shall annually submit to the department, at the
     agent's expense, an independent financial audit. If the audit
     reveals misconduct of a material nature on the part of the
     agent, the department shall take appropriate action.