In addition to the duties set forth elsewhere in this chapter, the Authority shall: 1. Keep records as are consistent with sound business practices and accounting records using generally accepted accounting practices; 2. Cause an audit by an independent certified public accountant to be made of accounts and transactions at the conclusion of each fiscal year; 3. Be subject to audit and examination at any reasonable time of its accounts and transactions by the Auditor of Public Accounts; and 4. Submit a detailed annual report of its activities and financial standing to the Governor and to the General Assembly. 1992, c. 823, § 15.1-227.82; 1997, c. 587.
‹ Prev All Virginia sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.