§4746 Reports

Summary

A participating State must send the Fund a report by the last day of each calendar quarter that shows any contributions the State made to reserve funds in the prior quarter. If the State made contributions, the report must state the total amount, the portion that can be reimbursed (which is the full amount unless a limit in section 4747 applies), and give proof when a section 4747 limit applies for each loan. The report must also include a State certification that the numbers are correct; that funds meeting the minimum in section 4743(b)(3) remain available and legally committed, minus any amounts added after the State was approved for the Program; that no unapproved change was made to participation agreements or their form; and that the State is following the subchapter and the rules under section 4749. By March 31 each year, the State must also give the Fund annual data showing how many borrowers were financed, the total amount of covered loans, and breakdowns by industry type, loan size, annual sales, and number of employees. All reports and data must use the form the Fund requires.