§ 15.2-5431.33 Financial report; authority budget; audit
Any locality may, by resolution, require an authority to:
1. Submit to it an annual financial statement in a form prescribed by the Auditor of Public Accounts; or
2. Have an audit conducted for any fiscal year according to generally accepted auditing and accounting standards or according to the audit specifications and audit program prescribed by the Auditor of Public Accounts.
History
This law was first created in 2003. The record of its establishment is cataloged in chapter 643 of that year’s edition of “Acts of Assembly,” the annual state publication listing all changes made to the Code of Virginia in that year.
2003, c. 643.