Sec.17-606a-10. Financial reporting

(a) The fiduciary agent shall maintain complete and accurate books and records, insofar as they pertain to the loan fund, and they shall be set up and maintained in accordance with the latest procedures approved by the Commissioner.

(b) The fiduciary agent shall furnish the Commissioner with financial statements and other reports relating to the loan fund in such detail and at such times as the Commissioner may require.

(c) At any time during regular business hours, and as often as the Commissioner may require, the Commissioner or his representatives shall be entitled to full and free access to the accounts, records and books of the fiduciary agent relative to the loan fund, said permission to include the right to make or require the Contractor to provide excerpts, transcripts, or copies of such accounts, records and books.

(Effective July 13, 1993)