640.663. Record-keeping requirements for borrowers.
Record-keeping requirements for borrowers.
640.663. 1. A borrower under the provisions of sections 640.651 to640.686 shall establish on its books an energy conservation loan account.Information sufficient to indicate the receipt and expenditure of all fundsauthorized and allowed under the terms of the loan or other financialassistance shall be entered in this account. All records relating to suchaccount shall be retained by the borrower for a period of three yearsthereafter.
2. The borrower shall maintain all internal records directly relatedto the loan or financial assistance and the project in such a way as toprovide for proper auditing of the project.
(L. 1995 H.B. 414)