Find Legal Information

151B.475 Annual report -- Biennial audit.

Download pdf

Page 1 of 1 151B.475 Annual report -- Biennial audit. The board shall, promptly following the close of each fiscal year, submit an annual report <br>of its activities for the preceding fiscal year to the Governor and the Legislative Research <br>Commission. Each report shall set forth a complete operating and financial statement of <br>the corporation during the year. The board shall be subject to a biennial audit to be made <br>by the Auditor of Public Accounts at his discretion, or by a resident independent certified <br>public accountant of the books, accounts, and records of the corporation, with respect to <br>its receipts, disbursements, contracts, loans, and all other matters relating to its financial <br>operations. The persons performing this audit shall furnish copies of the audit report to <br>the secretary of the Finance and Administration Cabinet and the Legislative Research <br>Commission, where they shall be placed on file and made available for inspection by the <br>general public. Effective: July 15, 1996 <br>History: Created 1996 Ky. Acts ch. 222, sec. 6, effective July 15, 1996.