COMPLIANCE INFO_1997-2000 - Laserfiche WebLink

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(4) A letter from an independent certified public accountant that performed the au it stating that: (A) He or she has reviewed the letter required by section U) (l) from the chiel financial officer i uu in ataeriv�om the financial statements for t e latest complete isca year o t e operator or the guarantor, and coLnpared the data with the amounts in the financiai statements; an (B) Based on the comparison, no matters came to his or her attention that caused him or her to believe that the specified data should be adjuste . (5) A copy of the comprehensive annual financial report (CAFR) used to compiy with section (i) or certification by the localgovernment's treasurer or auditor -controller that the requirements o General Accounting Standards Board Statement 1 have been met. (6) A copy of the bond rating on the bond rating service's letterhead stationery. (k) The CIWMB may require updated financial statements at an time from the operator or guarantor. It the CIWMB finds that the operator or guarantor no longer meets the localgovernment fi' nancial test requirements of sections (g) or (h) , the operator shall ob sit n a ternate coverage within 60 days after receiving the notification of such a finding. (1) If, when pre ap rind its annual update, an operator using the local government financiai test fails to meet the requirements of the f inancial test under sections (g) or (h), the operator shall obtain alternate coverage within 210 days after the close of the financial reporting year. (m) If the operator fails to obtain alternate coverage within the times specified in sections (k) or (1), the operator shall notify the CIWMB by certified mail within 10 business days of such failure. (n) A local government financial test may be combined with another payment mechanism to assure the amount of required coverage specified in sections 2l1 an2221 of Subchapter