122:19-1-05 Monitoring and reporting.

(A) During the rehabilitation period, the director and/or the state historic preservation officer may, upon reasonable notice of not less than three business days, conduct a site visit to the project to inspect and evaluate the rehabilitation.

(B) The amount of the qualified rehabilitation expenditures identified in the owner’s certification of completion and reflected on the historic preservation tax credit certificate issued by the director is subject to inspection, examination and audit by the tax commissioner or the tax commissioner’s employees.

(C) For a period of four years following the owner’s certification of completion, the owner shall file an annual project status report with the director on a form approved by the director.

(D) The owner shall establish and maintain for a period of at least four years from the certification of project completion date such records as required by the director. Such records include, but are not limited to, records documenting project expenditures and compliance with the secretary of interior’s standards for rehabilitation. The owner shall make such records available for review and verification by the director or tax commissioner or appropriate staff of the director or the tax commissioner as well as other appropriate state agencies. In the event the director determines an owner has submitted an annual report containing erroneous information or data not supported by records established and maintained under this rule, the director may, after providing notice, require the owner to resubmit corrected reports.

(E) The director and tax commissioner shall file such reports as required by statute.

Effective: 07/01/2007

R.C. 119.032 review dates: 07/01/2012

Promulgated Under: 119.03

Statutory Authority: 149.311

Rule Amplifies: 149.311