(1) A rural investment company shall submit an annual report to the office on or before the last day of February for each previous calendar year until the rural investment company has exited the program in accordance with Section 63N-4-309. The annual report shall provide documentation as to the rural investment company's growth investments and include: (a) a bank statement evidencing each growth investment; (b) the name, location, and industry of each business concern receiving a growth investment, including either the determination letter set forth in Section 63N-4-306 or evidence that the business qualified as an eligible small business at the time the investment was made; (c) the number of new annual jobs at each eligible small business for the preceding year, accompanied by a report from a third-party accounting firm attesting that the number of new annual jobs was calculated in accordance with procedures approved by the office; and (d) any other information required by the office.
(a) a bank statement evidencing each growth investment;
(b) the name, location, and industry of each business concern receiving a growth investment, including either the determination letter set forth in Section 63N-4-306 or evidence that the business qualified as an eligible small business at the time the investment was made;
(c) the number of new annual jobs at each eligible small business for the preceding year, accompanied by a report from a third-party accounting firm attesting that the number of new annual jobs was calculated in accordance with procedures approved by the office; and
(d) any other information required by the office.
(2) Within 60 days of receipt of an annual report, the office shall provide written confirmation to the rural investment company of the number of new annual jobs the rural investment company has been credited with for the previous calendar year.
(3) By the fifth business day after the third anniversary of the closing date, a rural investment company shall submit a report to the office providing evidence that the rural investment company is in compliance with the investment requirements of Section 63N-4-305.
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