2005 Vermont Code - § 175. — Records; annual report; audit

§ 175. Records; annual report; audit

(a) The authority shall keep an accurate account of all its activities and of all its receipts and expenditures.

(b) Each year, prior to February 1, the authority shall submit a report of its activities for the preceding fiscal year to the governor and to the general assembly. The report shall set forth a complete operating and financial statement covering its operations during the year. The authority shall cause an audit of its books and accounts to be made at least once in each year by a certified public accountant. The cost of the audit shall be considered an expense of the authority, and a copy of the audit shall be filed with the state treasurer.

(c) The auditor of accounts of the state and authorized representatives of the auditor may, at any time, examine the accounts and books of the authority. (Added 2001, No. 145 (Adj. Sess.), § 4.)