§ 36-7-39-11 — Commission authority; commission may sue or be sued; audit

(a) The commission shall:
(1) accept grants, loans, and other forms of financial assistance
from any source and disburse them for the purposes of the
commission; and
(2) provide recommendations in matters related to the
commission's purposes to political subdivisions in the
development area.
(b) The commission may sue and be sued.
(c) The commission shall have an audit of its books and accounts
made at least once in each year by a certified public accounting firm or
the state board of accounts. If the audit is to be conducted by a certified
public accounting firm, the firm may not be selected without a review
of the firm's proposal and approval of the firm by the state board of
accounts. The cost of the audit shall be considered an expense of the
commission, and a copy of the audit shall be made available to the
public.

Legislative History

As added by P.L.58-2021, SEC.1.