2311 - Reporting and inspection.

     § 2311.  Reporting and inspection.        (a)  Inspection.--An applicant or a recipient shall, upon     request, permit authorized employees of the department or its     agent to inspect the plant, books and records of the applicant     or recipient.        (b)  Updating.--An applicant or a recipient shall provide     updated information to the department and its agents if     conditions change or to the extent that the information     originally given becomes inaccurate or misleading.        (c)  Periodic reports.--A recipient shall provide the     department and its agents with such periodic financial reports     as the department may require until the loan is repaid in full.        (d)  Financial and performance audits.--An agent of the     department shall annually submit to the department, at the     agent's expense, an independent financial audit. If the audit     reveals misconduct of a material nature on the part of the     agent, the department shall take appropriate action.