Ohio Admin. Code 122:29-1-06 - Reporting
(A)
Start of construction report. Within twelve months of
the date a project is certified by the authority, the property owner will
provide the director with a start of construction report that includes the
following:
(1)
An updated schedule for the progression and completion of
the project;
(2)
Documentation sufficient to demonstrate that
construction of the project has begun;
(3)
Any additional
information requested by the director.
(B)
Construction
progress report. Annually, after the start of construction report in paragraph
(A) of this rule, until the project is completed or as may be requested by the
director, the property owner will provide the director a construction progress
report detailing the status of the project, including percentage of the project
completed, costs remaining, schedule updates, and any other information
requested by the director.
(C)
Completion
report.
Within ninety calendar days
after the completion of the project, the applicant is to certify to the
authority that each portion of the project is complete substantially as set
forth in the application in a completion report in a format acceptable to the
authority. The completion report will include the following:
(1)
a report from a
third party certified public accountant detailing the actual development costs
attributable to the project in a form and manner determined by the director;
and
(2)
any other items as may be requested by the director or
the authority.
(D)
In connection
with the tax credits and reports under this rule, including the CPA report, the
applicant will establish and maintain records for a period beginning from the
project approval and certification through the date that is four years from the
later of recission of eligibility, the project completion date, or the issuance
of the last tax credit certificate. Such records include, but are not limited
to, records documenting the information and data contained in the application,
project expenditures and all reports submitted in support of the project. The
applicant is to make such records available for review and verification by the
director, authority, tax commissioner, local tax administrator or director of
insurance or appropriate staff of the director, the authority, the tax
commissioner, the local tax administrator or director of insurance, as well as
other appropriate state agencies. In the event it is determined by the director
or the authority that an applicant has submitted reports or other information
containing erroneous information or data not supported by records established
and maintained under this rule, the director may, after providing notice,
require the applicant to submit revised and accurate reports.
Notes
Promulgated Under: 119.03
Statutory Authority: 122.09(O)
Rule Amplifies: 122.09
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