§4746 Reports

Summary

Participating States must send the Fund a report by the last day of every calendar quarter about any reserve fund contributions made in the previous quarter. If the State made contributions, the report must give the total amount, say how much is eligible for reimbursement (equal to the total unless a limit in section 4747 applies), provide documents when that limit applies to specific loans, and certify four things: the report is accurate; funds meeting the minimum in section 4743(b)(3) are still available and legally committed (minus amounts the State added after approval); there were no unapproved changes to any participation agreement or its form; and the State is following the subchapter and the rules under section 4749. By March 31 each year, each State must also send annual data showing how many borrowers were financed, the total covered loan amount, and breakdowns by industry, loan size, annual sales, and number of employees. The Fund can require the reports and data to be in a specific form.