(a) An entity that receives a loan under this subchapter shall comply with applicable state and federal law in the performance of work on a project for which proceeds from a loan under this subchapter are used.
(b) The entity shall maintain its books and records related to the project in accordance with generally accepted accounting principles and with all other applicable federal and state requirements.

Source Note: The provisions of this §15.257 adopted to be effective October 17, 2018, 43 TexReg 6848