                                 CODE OF VIRGINIA

ANNUAL REPORT; AUDIT (§ 2.2-2312)

The Authority shall, within 120 days of the close of each fiscal year, submit an
annual report of its activities for the preceding fiscal year to the Governor
and the Chairmen of the House Committee on Appropriations and the Senate
Committee on Finance and Appropriations. Each report shall set forth, for the
preceding fiscal year, a complete operating and financial statement for the
Authority and any loan fund or loan guarantee fund the Authority administers or
manages. The report shall also include information regarding the percentage of
loan and grant program funds that were utilized or awarded by the Authority
during such year. The Auditor of Public Accounts or his legally authorized
representatives shall audit the books and accounts of the Authority and any loan
fund or loan guarantee fund the Authority administers or manages as determined
necessary by the Auditor of Public Accounts.

HISTORY: 1984, c. 749, § 9-235; 1997, c. 815; 2001, c. 844; 2018, cc. 57, 307;
2021, Sp. Sess. I, c. 148.