151B.475 Annual report -- Biennial audit. - Kentucky Statutes

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Page 1 of 1 151B.475 Annual report -- Biennial audit. The board shall, promptly following the close of each fiscal year, submit an annual report
of its activities for the preceding fiscal year to the Governor and the Legislative Research
Commission. Each report shall set forth a complete operating and financial statement of
the corporation during the year. The board shall be subject to a biennial audit to be made
by the Auditor of Public Accounts at his discretion, or by a resident independent certified
public accountant of the books, accounts, and records of the corporation, with respect to
its receipts, disbursements, contracts, loans, and all other matters relating to its financial
operations. The persons performing this audit shall furnish copies of the audit report to
the secretary of the Finance and Administration Cabinet and the Legislative Research
Commission, where they shall be placed on file and made available for inspection by the
general public. Effective: July 15, 1996
History: Created 1996 Ky. Acts ch. 222, sec. 6, effective July 15, 1996.