42.460 Independent annual audit and certification of compliance -- Exception. - Kentucky Statutes

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42.460 Independent annual audit and certification of compliance -- Exception. Except as provided in KRS 91A.040(4)(b), any assistance granted under KRS 42.450 to
42.495 shall include an agreement that an independent annual audit shall be conducted
and that the audit report shall include a certification that the funds were expended for the
purpose intended. A copy of the audit and certification of compliance shall be forwarded
to the Department for Local Government, in the case of assistance granted from the local
government economic assistance fund or the local government economic development
fund as allocated in KRS 42.4592(1)(a) and (b), or to the Cabinet for Economic
Development and the Kentucky Economic Development Finance Authority, in the case of
assistance granted from the local government economic development fund, within
eighteen (18) months after the end of the fiscal year. Effective: July 15, 2010
History: Amended 2010 Ky. Acts ch. 117, sec. 28, effective July 15, 2010. -- Amended 2007 Ky. Acts ch. 47, sec. 22, effective June 26, 2007. -- Amended 2006 Ky. Acts
ch. 210, sec. 4, effective July 12, 2006. -- Amended 2002 Ky. Acts ch. 338, sec. 46,
effective July 15, 2002. -- Amended 2001 Ky. Acts ch. 34, sec. 4, effective June 21,
2001. -- Amended 1998 Ky. Acts ch. 69, sec. 13, effective July 15, 1998. -- Amended
1994 Ky. Acts ch. 499, sec. 8, effective July 15, 1994.