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State Small Business Credit Initiative: North Carolina's Use of Federal Funds for Capital Access and Other Credit Support Programs - Tapa blanda

Office Of The Inspector General Department Of The Treasury

 
9781505264784: State Small Business Credit Initiative: North Carolina's Use of Federal Funds for Capital Access and Other Credit Support Programs
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ISBN 10: 1505264782 ISBN 13: 9781505264784
Editorial: CreateSpace Independent Publishing Platform, 2015

Sinopsis

We determined that North Carolina appropriately used most of the $4.9 million in SSBCI funds obligated or expended that we tested, but contributed $6,690 to a reserve fund under the Capital Access Program for a loan that refinanced one previously made to the borrower by the same lender. Such refinancings are prohibited by the Act and constitute a misuse of funds. Prior to the transfer of SSBCI funds, North Carolina collected two separate documents from the lender attesting that the loan being enrolled was not made for a prohibited purpose.

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Reseña del editor

We determined that North Carolina appropriately used most of the $4.9 million in SSBCI funds obligated or expended that we tested, but contributed $6,690 to a reserve fund under the Capital Access Program for a loan that refinanced one previously made to the borrower by the same lender. Such refinancings are prohibited by the Act and constitute a misuse of funds. Prior to the transfer of SSBCI funds, North Carolina collected two separate documents from the lender attesting that the loan being enrolled was not made for a prohibited purpose.

"Sobre este título" puede pertenecer a otra edición de este libro.

Editorial
CreateSpace Independent Publishing Platform
Año de publicación
2015
Idioma
Inglés
ISBN 10 
1505264782
ISBN 13 
9781505264784
Encuadernación
Tapa blanda
Número de páginas
36
Contacto del fabricante
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