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The Florida Senate

2010 Florida Statutes

F.S. 288.9919

Audits and examinations; penalties.


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.


EXAMINATIONS.The office may conduct examinations to verify compliance with the New Markets Development Program Act.


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


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