1. Accounting and reporting requirements. The department shall: A. Maintain an accurate accounting of the use of all program funds as required by state procedures and program guidelines, including a detailed accounting of all program funding sources and expenditures; and [PL 2009, c. 337, §4 (AMD).] B. [PL 2009, c. 337, §4 (RP).] C. Each year, submit a report to the joint standing committee of the Legislature having jurisdiction over business, research and economic development matters. The report must include: (1) An accounting of the use of all program funds received and expended since the program's inception; (2) A summary of the status of any approved projects; (3) A summary of the results of any completed projects; (4) Evaluation data and assessment consistent with section 13070-P; and (5) Other information required to be submitted and evaluated by the joint standing committee of the Legislature having jurisdiction over business, research and economic development matters. [PL 2017, c. 264, §7 (AMD).] [PL 2017, c. 264, §7 (AMD).] 2. Report. The department shall report no later than January 15th of each year. [PL 2003, c. 451, Pt. MMM, §1 (NEW).] 3. Rulemaking. The department shall adopt major substantive rules pursuant to chapter 375, subchapter 2-A to implement this section. [PL 2003, c. 451, Pt. MMM, §1 (NEW).]
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