§ 5-1.5-3-5 — Audit of books and accounts; costs; copy; annual report to governor

Indiana § 5-1.5-3-5

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1.5: INDIANA BOND BANK
• Ch. 3: Powers and Duties

Text

(a) The bank 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 bank, and a copy of the audit shall be
made available to the public.
(b) The bank shall submit a report of its activities for each fiscal
year to the governor before November 1 of the calendar year in which
the bank's fiscal year ends. Each report shall set forth a complete
operating and financial statement covering its operations during that
fiscal year.

Legislative History

As added by P.L.25-1984, SEC.1. Amended by P.L.43-1985, SEC.9; P.L.46-1987, SEC.9.