b) For purposes of this Section, records shall include, but not be limited to, the following:

1. 1) Documentation of the receipt and disposition by the loan recipient of all financial assistance received for the project, including both State financial assistance and any matching share or cost sharing; and
2. 2) Documentation of the costs charged to the project, including all direct and indirect costs of whatever nature incurred for the performance of the project for which the loan has been provided.

c) The loan recipient shall preserve and make its records available to the Agency or its authorized representative for the following periods:

1. 1) For all costs associated with design and construction, for 3 years after final loan closing;
2. 2) For all other accounting records concerning the loan, for 3 years from the date of the transaction; and
3. 3) For any longer period required by law or by subsections (d) and (e).