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COMMONWEALTH OF PENNSYLVANIA

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The Pennsylvania Code website reflects the Pennsylvania Code changes effective through 54 Pa.B. 1032 (February 24, 2024).

25 Pa. Code § 76.95. Accounting.

§ 76.95. Accounting.

 (a)  Books of account and a financial record system acceptable to this Department shall be maintained by the development agency.

 (b)  Accounting for project funds, including receipts, development agency contributions and expenditures, shall be in accordance with generally accepted accounting principles and practices, consistently applied, regardless of source of funds.

 (c)  Supporting records of expenditures shall be recorded in sufficient detail to show that loan or grant funds or both were used for the purpose for which the loan or grant or both was made.

Source

   The provisions of this §  76.95 adopted January 30, 1976, effective February 16, 1976, 6 Pa.B. 157.


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