§ 15.2-5812 Additional duties
In addition to the duties set forth elsewhere in this chapter, the Authority shall:
1. Keep records as are consistent with sound business practices and accounting records using generally accepted accounting practices;
2. Cause an audit by an independent certified public accountant to be made of accounts and transactions at the conclusion of each fiscal year;
3. Be subject to audit and examination at any reasonable time of its accounts and transactions by the Auditor of Public Accounts; and
4. Submit a detailed annual report of its activities and financial standing to the Governor and to the General Assembly.
History
This law was first created in 1992. The record of its establishment is cataloged in chapter 823 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. Unfortunately, the 1992 “Acts” aren’t available online. It has been modified 1 time. Those modifications are cataloged by “The Acts of Assembly,” a state publication, by year and chapter. Those modifications that can be read on the General Assembly’s website will be linked accordingly. That modification is as follows: in 1997, chapter 587.
1992, c. 823, § 15.1-227.82; 1997, c. 587.