{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/15.2-2422.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/15.2-2422.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/15.2-2422.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/15.2-2422.html"}],"law_id":80985,"edition_id":1,"section_id":80985,"structure_id":14690,"section_number":"15.2-2422","catch_line":"Annual audit","history":"2009, c. 131.","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 are considered necessary under the circumstances. The Authority shall furnish copies of such audit to the Governor.","order_by":null,"text":{"0":{"id":290260,"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 are considered necessary under the circumstances. The Authority shall furnish copies of such audit to the Governor.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":14690,"edition_id":1,"name":"Virginia Broadband Infrastructure Loan Fund","identifier":"24.2","label":"chapter","depth":3,"order_by":1,"parent_id":12733,"metadata":{},"date_created":"2026-06-26 03:49:22","date_modified":"2026-06-26 03:49:22","permalink":{"id":155781,"object_type":"structure","relational_id":14690,"identifier":"24.2","token":"15.2\/II\/24.2","url":"\/15.2\/II\/24.2\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12733,"edition_id":1,"name":"Powers of Local Government","identifier":"II","label":"subtitle","depth":2,"order_by":1,"parent_id":12720,"metadata":{},"date_created":"2026-06-26 03:43:50","date_modified":"2026-06-26 03:43:50","permalink":{"id":152369,"object_type":"structure","relational_id":12733,"identifier":"II","token":"15.2\/II","url":"\/15.2\/II\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12720,"edition_id":1,"name":"Counties, Cities and Towns","identifier":"15.2","label":"title","depth":1,"order_by":1,"parent_id":null,"metadata":{},"date_created":"2026-06-26 03:43:49","date_modified":"2026-06-26 03:43:49","permalink":{"id":151279,"object_type":"structure","relational_id":12720,"identifier":"15.2","token":"15.2","url":"\/15.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":58955,"structure_id":14690,"section_number":"15.2-2419","catch_line":"Definitions","url":"\/15.2-2419\/","token":"15.2\/II\/24.2\/15.2-2419","metadata":false},{"id":85352,"structure_id":14690,"section_number":"15.2-2420","catch_line":"Creation and management of Fund","url":"\/15.2-2420\/","token":"15.2\/II\/24.2\/15.2-2420","metadata":false},{"id":67282,"structure_id":14690,"section_number":"15.2-2421","catch_line":"Deposit of money; expenditures; investments","url":"\/15.2-2421\/","token":"15.2\/II\/24.2\/15.2-2421","metadata":false},{"id":80985,"structure_id":14690,"section_number":"15.2-2422","catch_line":"Annual audit","url":"\/15.2-2422\/","token":"15.2\/II\/24.2\/15.2-2422","metadata":false},{"id":56328,"structure_id":14690,"section_number":"15.2-2423","catch_line":"Collection of money due Fund","url":"\/15.2-2423\/","token":"15.2\/II\/24.2\/15.2-2423","metadata":false},{"id":73012,"structure_id":14690,"section_number":"15.2-2424","catch_line":"Loans to local governments","url":"\/15.2-2424\/","token":"15.2\/II\/24.2\/15.2-2424","metadata":false},{"id":85830,"structure_id":14690,"section_number":"15.2-2425","catch_line":"Prioritization of loans","url":"\/15.2-2425\/","token":"15.2\/II\/24.2\/15.2-2425","metadata":false},{"id":81186,"structure_id":14690,"section_number":"15.2-2426","catch_line":"Pledge of loans to secure bonds of Authority","url":"\/15.2-2426\/","token":"15.2\/II\/24.2\/15.2-2426","metadata":false},{"id":63453,"structure_id":14690,"section_number":"15.2-2427","catch_line":"Sale of loans","url":"\/15.2-2427\/","token":"15.2\/II\/24.2\/15.2-2427","metadata":false},{"id":84360,"structure_id":14690,"section_number":"15.2-2428","catch_line":"Powers of the Authority","url":"\/15.2-2428\/","token":"15.2\/II\/24.2\/15.2-2428","metadata":false},{"id":71602,"structure_id":14690,"section_number":"15.2-2429","catch_line":"Liberal construction of chapter","url":"\/15.2-2429\/","token":"15.2\/II\/24.2\/15.2-2429","metadata":false}],"previous_section":{"id":67282,"structure_id":14690,"section_number":"15.2-2421","catch_line":"Deposit of money; expenditures; investments","url":"\/15.2-2421\/","token":"15.2\/II\/24.2\/15.2-2421","metadata":false},"next_section":{"id":56328,"structure_id":14690,"section_number":"15.2-2423","catch_line":"Collection of money due Fund","url":"\/15.2-2423\/","token":"15.2\/II\/24.2\/15.2-2423","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/15.2-2422\/","history_text":"<p>This law was first created in 2009. The record of its establishment is cataloged in chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?091+ful+CHAP0131\">131<\/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":155795,"object_type":"law","relational_id":80985,"identifier":"15.2-2422","token":"15.2\/II\/24.2\/15.2-2422","url":"\/15.2-2422\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/15.2-2422\/","token":"15.2\/II\/24.2\/15.2-2422","dublin_core":{"Title":"Annual audit","Type":"Text","Format":"text\/html","Identifier":"\u00a7 15.2-2422","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 cost 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 are considered necessary under the circumstances. The <span class=\"dictionary\">Authority<\/span> shall furnish copies of such audit to the Governor.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nANNUAL AUDIT (\u00a7 15.2-2422)\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 are considered necessary under the\ncircumstances. The Authority shall furnish copies of such audit to the Governor.\n\nHISTORY: 2009, c. 131.","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}}