2005 Vermont Code - § 675. — Audits of a small business investment company; report

§ 675. Audits of a small business investment company; report

The Vermont small business investment company shall annually submit to the board an independent financial audit of the company conducted by a certified public accountant at the company's expense in accordance with rules adopted by the board under subsection 673(b) of this title. The company shall also submit an annual report of its activities to the board. The board in its discretion may examine the financial accounts and any other records of the company at any time. The board shall report annually to the general assembly, on or before November 1. The board's report shall contain all audits conducted of the company since the board's last report, and the board's findings and recommendations concerning whether the activities of the Vermont small business investment company are fulfilling the purposes of this chapter. (Added 1991, No. 61; amended 1991, No. 218 (Adj. Sess.), § 3, eff. May 27, 1992.)