(a) Each agency shall have authority to examine the affairs of any entity under its jurisdiction with respect to the adequacy of such entity's plans to ensure the provision of essential services which may be lost or interrupted by disruption of computer related functions only as a result of the occurrence of the Year 2000 and may require by rule or regulation the provision of information with respect thereto.

(b) Each agency shall have the authority to require by rule or regulation any entity under its jurisdiction to prepare and submit contingency plans for implementation in the event of disruption of computer related functions on the occurrence of the Year 2000.

(c) Each entity shall complete and respond completely to any Year 2000 status survey conducted by an agency no later than 30 calendar days after receipt. Failure to respond in a timely manner may result in an administrative penalty of up to $1,000.00 per day until the completed survey response is received by requesting agency.

(d) Each entity shall provide, when required by an agency having jurisdiction over such entity, updates to Year 2000 status surveys at the intervals specified by the agency. The agency may require subsequent additional updates as it deems necessary and may assess an administrative penalty of not more than $1,000.00 per day for failure to timely submit such updates, subject to the provisions of Code Section 50-33-5.