§ 68309. Auditing Expenditures of Loan Proceeds.

The Department or the Department of Finance may audit the expenditures of the proceeds of any loan disbursed under this Article. Specific audit requirements shall be part of the loan agreement. The State reserves the right to call for a program audit or a financial audit at any time between the execution of the loan agreement and the completion or termination of the project.

HISTORY

1. New section filed 6-25-2001 as an emergency; operative 6-25-2001 (Register 2001, No. 26). A Certificate of Compliance must be transmitted to OAL by 10-23-2001 or emergency language will be repealed by operation of law on the following day.

2. New section refiled 10-2-2001 as an emergency; operative 10-24-2001 (Register 2001, No. 40). A Certificate of Compliance must be transmitted to OAL by 2-21-2002 or emergency language will be repealed by operation of law on the following day.

3. New section refiled 2-13-2002 as an emergency; operative 2-13-2002 (Register 2002, No. 7). A Certificate of Compliance must be transmitted to OAL by 6-13-2002 or emergency language will be repealed by operation of law on the following day.

4. Certificate of Compliance as to 2-13-2002 order transmitted to OAL 2-28-2002 and filed 4-8-2002 (Register 2002, No. 15).

Note

Note: Authority cited: Sections 25150 and 25351.5, Health and Safety Code; and Section 79133, Water Code. Reference: Section 79133, Water Code.