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2009 Florida Code
TITLE XIX PUBLIC BUSINESS
Chapter 288 COMMERCIAL DEVELOPMENT AND CAPITAL IMPROVEMENTS  
PART XIII NEW MARKETS DEVELOPMENT PROGRAM ACT (ss. 288.991-288.9922)
288.9919   Audits and examinations; penalties.

1288.9919  Audits and examinations; penalties.--

(1)  AUDITS.--A community development entity that issues an investment approved by the office 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 office may conduct examinations to verify compliance with the New Markets Development Program Act.

History.--ss. 12, 15, ch. 2009-50.

1Note.--Expires December 31, 2022, pursuant to s. 15, ch. 2009-50.

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