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2009 Florida Statutes
SECTION 9919
Audits and examinations; penalties.
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.