Or. Admin. Code § 813-043-0060 - Charges and Compliance Monitoring
(1) OHCS may assess and the sponsor shall pay
such charges as OHCS determines appropriate for reviewing an application as
well as for issuance of a letter of guarantee approval.
(2) OHCS may assess and the sponsor, owner,
operator or other applicable party shall pay such charges as OHCS determines
appropriate for its monitoring of the project for compliance with program
requirements or enforcement of appropriate program compliance, including but
not limited to meeting appropriate construction and maintenance standards, and
satisfying and documenting applicable affordability compliance.
(3) OHCS may perform such reviews or field
inspections as it deems necessary to ensure Loan Guarantee Program compliance.
OHCS may require that a sponsor, owner, operator or other applicable party take
such remedial actions as described in this rule.
(4) Financial records, supporting documents,
and all other pertinent records shall be retained by a Loan Guarantee Program
Recipient for six (6) years after the project is complete, the guarantee has
expired, or after any litigation or audit claim is resolved, whichever is
later. OHCS, and any other state entity having audit authority, shall have
access to all books, accounts, documents, records and other property belonging
to or in use by a Loan Guarantee Program Recipient and relating to the use of
the Loan Guarantee Program funds.
Notes
Statutory/Other Authority: ORS 458.600 - 458.650
Statutes/Other Implemented: ORS 458.600 - 458.650 & Ch. 740 & OL 1991
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