                                 CODE OF VIRGINIA

FORMS OF ACCOUNTS AND RECORDS; AUDIT OF SAME (§ 10.1-1025)

The accounts and records of the Foundation showing the receipt and disbursement
of funds from whatever source derived shall be in such form as the Auditor of
Public Accounts prescribes, provided that such accounts shall correspond as
nearly as possible to the accounts and records for such matters maintained by
similar enterprises. The accounts and records of the Foundation shall be subject
to audit by the Auditor of Public Accounts or his legal representative as
determined necessary by the Auditor of Public Accounts, and the costs of such
audit services shall be borne by the Foundation. The Foundation&#8217;s fiscal
year shall be the same as the Commonwealth&#8217;s.

HISTORY: 1992, c. 426; 2018, cc. 57, 307.