{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/10.1-603.31.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/10.1-603.31.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/10.1-603.31.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/10.1-603.31.html"}],"law_id":86716,"edition_id":1,"section_id":86716,"structure_id":15820,"section_number":"10.1-603.31","catch_line":"Annual audit","history":"2022, cc. 739, 782.","full_text":"The Auditor of Public Accounts, or his legally authorized representatives, shall annually audit the accounts of the Authority, and the cost of such audit services as shall be required shall be borne by the Authority. The audit shall be performed at least each fiscal year, in accordance with generally accepted auditing standards and, accordingly, include such tests of the accounting records and such auditing procedures as considered necessary under the circumstances. The Authority shall furnish copies of such audit to the Governor and to the Department.","order_by":null,"text":{"0":{"id":310557,"text":"The Auditor of Public Accounts, or his legally authorized representatives, shall annually audit the accounts of the Authority, and the cost of such audit services as shall be required shall be borne by the Authority. The audit shall be performed at least each fiscal year, in accordance with generally accepted auditing standards and, accordingly, include such tests of the accounting records and such auditing procedures as considered necessary under the circumstances. The Authority shall furnish copies of such audit to the Governor and to the Department.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15820,"edition_id":1,"name":"Resilient Virginia Revolving Fund","identifier":"1.4","label":"article","depth":4,"order_by":1,"parent_id":12894,"metadata":{},"date_created":"2026-06-26 04:00:04","date_modified":"2026-06-26 04:00:04","permalink":{"id":144391,"object_type":"structure","relational_id":15820,"identifier":"1.4","token":"10.1\/I\/6\/1.4","url":"\/10.1\/I\/6\/1.4\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12894,"edition_id":1,"name":"Flood Protection and Dam Safety","identifier":"6","label":"chapter","depth":3,"order_by":1,"parent_id":12893,"metadata":{},"date_created":"2026-06-26 03:43:59","date_modified":"2026-06-26 03:43:59","permalink":{"id":144271,"object_type":"structure","relational_id":12894,"identifier":"6","token":"10.1\/I\/6","url":"\/10.1\/I\/6\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12893,"edition_id":1,"name":"Activities Administered by the Department of Conservation and Recreation","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12740,"metadata":{},"date_created":"2026-06-26 03:43:59","date_modified":"2026-06-26 03:43:59","permalink":{"id":143315,"object_type":"structure","relational_id":12893,"identifier":"I","token":"10.1\/I","url":"\/10.1\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12740,"edition_id":1,"name":"Conservation","identifier":"10.1","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:51","date_modified":"2026-06-26 03:43:51","permalink":{"id":143313,"object_type":"structure","relational_id":12740,"identifier":"10.1","token":"10.1","url":"\/10.1\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":71342,"structure_id":15820,"section_number":"10.1-603.28","catch_line":"Definitions","url":"\/10.1-603.28\/","token":"10.1\/I\/6\/1.4\/10.1-603.28","metadata":false},{"id":64816,"structure_id":15820,"section_number":"10.1-603.29","catch_line":"Resilient Virginia Revolving Fund","url":"\/10.1-603.29\/","token":"10.1\/I\/6\/1.4\/10.1-603.29","metadata":false},{"id":61024,"structure_id":15820,"section_number":"10.1-603.30","catch_line":"Deposit of moneys; expenditures; investments","url":"\/10.1-603.30\/","token":"10.1\/I\/6\/1.4\/10.1-603.30","metadata":false},{"id":86716,"structure_id":15820,"section_number":"10.1-603.31","catch_line":"Annual audit","url":"\/10.1-603.31\/","token":"10.1\/I\/6\/1.4\/10.1-603.31","metadata":false},{"id":81329,"structure_id":15820,"section_number":"10.1-603.32","catch_line":"Collection of money due to Fund","url":"\/10.1-603.32\/","token":"10.1\/I\/6\/1.4\/10.1-603.32","metadata":false},{"id":63968,"structure_id":15820,"section_number":"10.1-603.33","catch_line":"Loans to local governments","url":"\/10.1-603.33\/","token":"10.1\/I\/6\/1.4\/10.1-603.33","metadata":false},{"id":75447,"structure_id":15820,"section_number":"10.1-603.34","catch_line":"Grants to local governments","url":"\/10.1-603.34\/","token":"10.1\/I\/6\/1.4\/10.1-603.34","metadata":false},{"id":61826,"structure_id":15820,"section_number":"10.1-603.35","catch_line":"Loans and grants for regional projects, etc","url":"\/10.1-603.35\/","token":"10.1\/I\/6\/1.4\/10.1-603.35","metadata":false},{"id":80345,"structure_id":15820,"section_number":"10.1-603.36","catch_line":"Loans and grants to a local government for a funding program","url":"\/10.1-603.36\/","token":"10.1\/I\/6\/1.4\/10.1-603.36","metadata":false},{"id":73941,"structure_id":15820,"section_number":"10.1-603.37","catch_line":"Pledge of loans to secure bonds of Authority","url":"\/10.1-603.37\/","token":"10.1\/I\/6\/1.4\/10.1-603.37","metadata":false},{"id":84218,"structure_id":15820,"section_number":"10.1-603.38","catch_line":"Sale of loans","url":"\/10.1-603.38\/","token":"10.1\/I\/6\/1.4\/10.1-603.38","metadata":false},{"id":66478,"structure_id":15820,"section_number":"10.1-603.39","catch_line":"Powers of the Authority","url":"\/10.1-603.39\/","token":"10.1\/I\/6\/1.4\/10.1-603.39","metadata":false},{"id":79121,"structure_id":15820,"section_number":"10.1-603.40","catch_line":"Liberal construction of article","url":"\/10.1-603.40\/","token":"10.1\/I\/6\/1.4\/10.1-603.40","metadata":false}],"previous_section":{"id":61024,"structure_id":15820,"section_number":"10.1-603.30","catch_line":"Deposit of moneys; expenditures; investments","url":"\/10.1-603.30\/","token":"10.1\/I\/6\/1.4\/10.1-603.30","metadata":false},"next_section":{"id":81329,"structure_id":15820,"section_number":"10.1-603.32","catch_line":"Collection of money due to Fund","url":"\/10.1-603.32\/","token":"10.1\/I\/6\/1.4\/10.1-603.32","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/10.1-603.31\/","history_text":"<p>This law was first created in 2022. The record of its establishment is cataloged in chapters <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?221+ful+CHAP0739\">739<\/a> and <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?221+ful+CHAP0782\">782<\/a> of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year.<\/p>","references":false,"refers_to":false,"permalink":{"id":144405,"object_type":"law","relational_id":86716,"identifier":"10.1-603.31","token":"10.1\/I\/6\/1.4\/10.1-603.31","url":"\/10.1-603.31\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/10.1-603.31\/","token":"10.1\/I\/6\/1.4\/10.1-603.31","dublin_core":{"Title":"Annual audit","Type":"Text","Format":"text\/html","Identifier":"\u00a7 10.1-603.31","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The Auditor of Public Accounts, or his legally authorized representatives, shall annually audit the accounts of the <span class=\"dictionary\">Authority<\/span>, and the <span class=\"dictionary\">cost<\/span> of such audit services as shall be required shall be borne by the <span class=\"dictionary\">Authority<\/span>. The audit shall be performed at least each fiscal year, in accordance with generally accepted auditing standards and, accordingly, include such tests of the accounting records and such auditing procedures as considered necessary under the circumstances. The <span class=\"dictionary\">Authority<\/span> shall furnish copies of such audit to the Governor and to the <span class=\"dictionary\">Department<\/span>.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nANNUAL AUDIT (\u00a7 10.1-603.31)\n\nThe Auditor of Public Accounts, or his legally authorized representatives, shall\nannually audit the accounts of the Authority, and the cost of such audit\nservices as shall be required shall be borne by the Authority. The audit shall\nbe performed at least each fiscal year, in accordance with generally accepted\nauditing standards and, accordingly, include such tests of the accounting\nrecords and such auditing procedures as considered necessary under the\ncircumstances. The Authority shall furnish copies of such audit to the Governor\nand to the Department.\n\nHISTORY: 2022, cc. 739, 782.","edition":{"id":1,"name":"2025","slug":"2025","date_created":"2026-06-21 22:39:22","date_modified":"2026-06-21 22:39:22","current":1,"order_by":1,"last_import":null}}