36-55.51 - Reports. - Virginia Statutes

§ 36-55.51. Reports.

A. HDA shall submit to the Governor within ninety days after the end of itsfiscal year a complete and detailed report setting forth:

(1) Its operations and accomplishments;

(2) Its receipts and expenditures during such fiscal year in accordance withthe categories or classifications established by HDA for its operating andcapital outlay purposes;

(3) Its assets and liabilities at the end of its fiscal year, including aschedule of its mortgage loans and commitments and the status of reserve,special or other funds; and

(4) A schedule of its notes and bonds outstanding at the end of its fiscalyear, together with a statement of the amounts redeemed and incurred duringsuch fiscal year.

B. In order to maintain liaison in development of housing policy, the HDAshall also have the duty of providing reports to the Director of theDepartment of Housing and Community Development on its policies, objectives,priorities, operations and programs, both present and projected, so as toassist the Director in the formulation of his reports to the Governor andGeneral Assembly regarding housing and community development policies, goals,plans and programs.

(1972, c. 830; 1977, c. 613.)