of ordinances, resolutions, or orders -- Effective date of ordinances. (1) The powers and duties of the transit commission of a large public transit district stated in this section replace any powers and duties stated in Section 17B-1-301. (2) (a) The transit commission of each large public transit district shall, at least monthly, hold public meetings and receive public comment. (b) The transit commission may conduct public meetings described in Subsection (2)(a) at various locations throughout the public transit district. (3) The transit commission shall perform the following duties, which shall occur in a public meeting described in Subsection (2): (a) approve an annual budget, which shall emphasize fiscal responsibility, increasing ridership, and maintaining a state of good repair; (b) approve any interlocal agreement with a local jurisdiction; (c) approve a strategic long-range transit plan for development and operations proposed by the executive director in accordance with Subsection 17B-2a-811.1(5)(b); (d) vote on adoption of transit commission ordinances and bylaws; and (e) review and recommend a proposal from the executive director for the issuance of a bond. (4) The transit commission shall: (a) in consultation with local stakeholders, work to establish and enhance transit infrastructure to provide cohesive and efficient public transit services throughout the service area of the large public transit district; (b) cause an annual audit of all public transit district books and accounts to be made by an independent certified public accountant; (c) (i) as soon as practicable after the close of each fiscal year, submit to each county, municipality, council of governments, and metropolitan planning organization within the public transit district, and make available upon request, a financial report showing: (A) the result of the transit district operations during the preceding fiscal year; (B) an accounting of the expenditures of all local sales and use tax revenues generated under Title 59, Chapter 12, Part 22, Local Option Sales and Use Taxes for Transportation Act; (C) the transit district's financial status on the final day of the fiscal year; and (D) the transit district's progress and efforts to improve the transit district's fiscal outlook relative to the previous fiscal year; and (ii) supply copies of the report under Subsection (4)(c)(i) to the general public upon request; (d) (i) direct the internal auditor appointed under Section 17B-2a-810 to conduct audits that the transit commission determines to be the most critical to the success of the organization; (ii) if requested by the executive director, direct the internal auditor appointed under Section
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