{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2025\/code-json\/2.2-2323.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2025\/code-text\/2.2-2323.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2025\/code-xml\/2.2-2323.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2025\/code-html\/2.2-2323.html"}],"law_id":85219,"edition_id":1,"section_id":85219,"structure_id":15302,"section_number":"2.2-2323","catch_line":"Forms of accounts and records; annual reports; audit","history":"1999, cc. 852, 881, \u00a7 2.1-548.66; 2001, c. 844; 2018, cc. 57, 307.","full_text":"The Authority shall maintain accounts and records showing the receipt and disbursement of funds from whatever source derived in a form as prescribed by the Auditor of Public Accounts. Such accounts and records shall correspond as nearly as possible to accounts and records maintained by corporate enterprises.\n\t\tThe accounts of the Authority shall be audited by the Auditor of Public Accounts, or his legally authorized representatives, as determined necessary by the Auditor of Public Accounts, and the costs of such audits shall be borne by the Authority. The Authority shall, following the close of each fiscal year, submit an annual report of its activities for the preceding year to the Governor. Each report shall set forth a complete operating and financial statement for the Authority during the fiscal year it covers.","order_by":null,"text":{"0":{"id":305404,"text":"The Authority shall maintain accounts and records showing the receipt and disbursement of funds from whatever source derived in a form as prescribed by the Auditor of Public Accounts. Such accounts and records shall correspond as nearly as possible to accounts and records maintained by corporate enterprises.\n\t\tThe accounts of the Authority shall be audited by the Auditor of Public Accounts, or his legally authorized representatives, as determined necessary by the Auditor of Public Accounts, and the costs of such audits shall be borne by the Authority. The Authority shall, following the close of each fiscal year, submit an annual report of its activities for the preceding year to the Governor. Each report shall set forth a complete operating and financial statement for the Authority during the fiscal year it covers.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":15302,"edition_id":1,"name":"Virginia Tourism Authority","identifier":"8","label":"article","depth":5,"order_by":1,"parent_id":13344,"metadata":{},"date_created":"2026-06-26 03:53:46","date_modified":"2026-06-26 03:53:46","permalink":{"id":174615,"object_type":"structure","relational_id":15302,"identifier":"8","token":"2.2\/I\/D\/22\/8","url":"\/2.2\/I\/D\/22\/8\/","edition_id":1,"permalink":0,"preferred":1}},{"id":13344,"edition_id":1,"name":"Authorities","identifier":"22","label":"chapter","depth":4,"order_by":1,"parent_id":12785,"metadata":{},"date_created":"2026-06-26 03:44:41","date_modified":"2026-06-26 03:44:41","permalink":{"id":173945,"object_type":"structure","relational_id":13344,"identifier":"22","token":"2.2\/I\/D\/22","url":"\/2.2\/I\/D\/22\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12785,"edition_id":1,"name":"State Authorities, Boards, Commissions, Councils, Foundations and Other Collegial Bodies","identifier":"D","label":"part","depth":3,"order_by":1,"parent_id":12784,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":173913,"object_type":"structure","relational_id":12785,"identifier":"D","token":"2.2\/I\/D","url":"\/2.2\/I\/D\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12784,"edition_id":1,"name":"Organization of State Government","identifier":"I","label":"subtitle","depth":2,"order_by":1,"parent_id":12749,"metadata":{},"date_created":"2026-06-26 03:43:53","date_modified":"2026-06-26 03:43:53","permalink":{"id":171455,"object_type":"structure","relational_id":12784,"identifier":"I","token":"2.2\/I","url":"\/2.2\/I\/","edition_id":1,"permalink":0,"preferred":1}},{"id":12749,"edition_id":1,"name":"Administration of Government","identifier":"2.2","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":171453,"object_type":"structure","relational_id":12749,"identifier":"2.2","token":"2.2","url":"\/2.2\/","edition_id":1,"permalink":0,"preferred":1}}],"structure_contents":[{"id":60708,"structure_id":15302,"section_number":"2.2-2315","catch_line":"Short title; declaration of public purpose; Authority created","url":"\/2.2-2315\/","token":"2.2\/I\/D\/22\/8\/2.2-2315","metadata":false},{"id":74853,"structure_id":15302,"section_number":"2.2-2316","catch_line":"Executive Director; Board of Directors; members and officers","url":"\/2.2-2316\/","token":"2.2\/I\/D\/22\/8\/2.2-2316","metadata":false},{"id":84091,"structure_id":15302,"section_number":"2.2-2317","catch_line":"Appointment and duties of Executive Director","url":"\/2.2-2317\/","token":"2.2\/I\/D\/22\/8\/2.2-2317","metadata":false},{"id":76694,"structure_id":15302,"section_number":"2.2-2318","catch_line":"Powers of Authority","url":"\/2.2-2318\/","token":"2.2\/I\/D\/22\/8\/2.2-2318","metadata":false},{"id":66382,"structure_id":15302,"section_number":"2.2-2319","catch_line":"Cooperative Marketing Fund","url":"\/2.2-2319\/","token":"2.2\/I\/D\/22\/8\/2.2-2319","metadata":false},{"id":60814,"structure_id":15302,"section_number":"2.2-2320","catch_line":"Governor's Motion Picture Opportunity Fund","url":"\/2.2-2320\/","token":"2.2\/I\/D\/22\/8\/2.2-2320","metadata":false},{"id":82503,"structure_id":15302,"section_number":"2.2-2320.1","catch_line":"Governor's New Airline Service Incentive Fund","url":"\/2.2-2320.1\/","token":"2.2\/I\/D\/22\/8\/2.2-2320.1","metadata":false},{"id":58262,"structure_id":15302,"section_number":"2.2-2320.2","catch_line":"Tourism promotion grants","url":"\/2.2-2320.2\/","token":"2.2\/I\/D\/22\/8\/2.2-2320.2","metadata":false},{"id":62007,"structure_id":15302,"section_number":"2.2-2320.3","catch_line":"Virginia Sports Tourism Grant Program; report","url":"\/2.2-2320.3\/","token":"2.2\/I\/D\/22\/8\/2.2-2320.3","metadata":false},{"id":66944,"structure_id":15302,"section_number":"2.2-2321","catch_line":"Grants from Commonwealth","url":"\/2.2-2321\/","token":"2.2\/I\/D\/22\/8\/2.2-2321","metadata":false},{"id":62817,"structure_id":15302,"section_number":"2.2-2322","catch_line":"Deposit of money; expenditures; security for deposits","url":"\/2.2-2322\/","token":"2.2\/I\/D\/22\/8\/2.2-2322","metadata":false},{"id":85219,"structure_id":15302,"section_number":"2.2-2323","catch_line":"Forms of accounts and records; annual reports; audit","url":"\/2.2-2323\/","token":"2.2\/I\/D\/22\/8\/2.2-2323","metadata":false},{"id":81069,"structure_id":15302,"section_number":"2.2-2324","catch_line":"Exemption from taxation","url":"\/2.2-2324\/","token":"2.2\/I\/D\/22\/8\/2.2-2324","metadata":false},{"id":87305,"structure_id":15302,"section_number":"2.2-2325","catch_line":"Exemptions from personnel and procurement procedures; adoption of procurement policies","url":"\/2.2-2325\/","token":"2.2\/I\/D\/22\/8\/2.2-2325","metadata":false},{"id":65370,"structure_id":15302,"section_number":"2.2-2326","catch_line":"Sovereign immunity","url":"\/2.2-2326\/","token":"2.2\/I\/D\/22\/8\/2.2-2326","metadata":false},{"id":67465,"structure_id":15302,"section_number":"2.2-2327","catch_line":"Liberal construction of article","url":"\/2.2-2327\/","token":"2.2\/I\/D\/22\/8\/2.2-2327","metadata":false}],"previous_section":{"id":62817,"structure_id":15302,"section_number":"2.2-2322","catch_line":"Deposit of money; expenditures; security for deposits","url":"\/2.2-2322\/","token":"2.2\/I\/D\/22\/8\/2.2-2322","metadata":false},"next_section":{"id":81069,"structure_id":15302,"section_number":"2.2-2324","catch_line":"Exemption from taxation","url":"\/2.2-2324\/","token":"2.2\/I\/D\/22\/8\/2.2-2324","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/2.2-2323\/","history_text":"

This law was first created in 1999. The record of its establishment is cataloged in chapters 852<\/a> and 881<\/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. It has been modified 2 times. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. Those modifications are as follows: in 2001, chapter 844<\/a>; in 2018, chapters 57<\/a> and 307<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":174661,"object_type":"law","relational_id":85219,"identifier":"2.2-2323","token":"2.2\/I\/D\/22\/8\/2.2-2323","url":"\/2.2-2323\/","edition_id":1,"permalink":0,"preferred":1},"url":"\/2.2-2323\/","token":"2.2\/I\/D\/22\/8\/2.2-2323","dublin_core":{"Title":"Forms of accounts and records; annual reports; audit","Type":"Text","Format":"text\/html","Identifier":"\u00a7 2.2-2323","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t

The Authority<\/span> shall maintain accounts and records showing the receipt and disbursement of funds from whatever source derived in a form as prescribed by the Auditor of Public Accounts. Such accounts and records shall correspond as nearly as possible to accounts and records maintained by corporate enterprises.\n\t\tThe accounts of the Authority<\/span> shall be audited by the Auditor of Public Accounts, or his legally authorized representatives, as determined necessary by the Auditor of Public Accounts, and the costs of such audits shall be borne by the Authority<\/span>. The Authority<\/span> shall, following the close of each fiscal year, submit an annual report of its activities for the preceding year to the Governor. Each report shall set forth a complete operating and financial statement for the Authority<\/span> during the fiscal year it covers.<\/p><\/section>","plain_text":" CODE OF VIRGINIA\n\nFORMS OF ACCOUNTS AND RECORDS; ANNUAL REPORTS; AUDIT (\u00a7 2.2-2323)\n\nThe Authority shall maintain accounts and records showing the receipt and\ndisbursement of funds from whatever source derived in a form as prescribed by\nthe Auditor of Public Accounts. Such accounts and records shall correspond as\nnearly as possible to accounts and records maintained by corporate enterprises.\n\t\tThe accounts of the Authority shall be audited by the Auditor of Public\nAccounts, or his legally authorized representatives, as determined necessary by\nthe Auditor of Public Accounts, and the costs of such audits shall be borne by\nthe Authority. The Authority shall, following the close of each fiscal year,\nsubmit an annual report of its activities for the preceding year to the\nGovernor. Each report shall set forth a complete operating and financial\nstatement for the Authority during the fiscal year it covers.\n\nHISTORY: 1999, cc. 852, 881, \u00a7 2.1-548.66; 2001, c. 844; 2018, cc. 57, 307.","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}}