(1) A telecommunications provider receiving Fund financing shall maintain books and records relating to the performance of the contract for a period of 7 years from the date of final payment under the contract or completion of the contract, whichever is later.
(2) A telecommunications provider shall maintain all books and records required under subregulation (1) for review and audit by the Commission or anyone designated by the Commission.
(3) The Commission shall audit or cause to be audited a Fund Project at least once per year for each year that a Fund Project contract is in force, and at the end of the contract period, and the telecommunications provider shall cooperate fully with all audits.