§ 16-32.1-8 - Annual report and audit.
SECTION 16-32.1-8
§ 16-32.1-8 Annual report and audit.– The research foundation shall submit to the board of governors for highereducation an audited report of its activities for the preceding fiscal year.The report shall set forth a complete operating and financial statementcovering the research foundation operations during the preceding fiscal year.The research foundation shall cause an independent audit of its books andaccounts to be made at least once each fiscal year.