North Dakota § 26.1-50-05 Audited financial statement - Report of fund operations

North Dakota Statutes

§ 26.1-50-05 — Audited financial statement - Report of fund operations

North Dakota·Title 26.1 Insurance·Ch. 26.1-50 North Dakota Low-Risk Incentive Fund

The governing board shall contract annually with a certified public accountant for
performance of an audit and preparation of audited financial statements of the fund prepared in
accordance with generally accepted accounting principles and a report containing an analysis of
the impact of the fund on the state's economy, business and employment activity generated by
loans from the fund, and the effects of that activity on state and local tax revenues. The
governing board shall provide the financial statements and report to the governor, the insurance

commissioner, and the legislative council and make copies available to the public. The cost of
the audit and preparation of financial statements and report must be paid from the fund.

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The governing board shall contract annually with a certified public accountant for
performance of an audit and preparation of audited financial statements of the fund prepared in
accordance with generally accepted accounting principles and a report containing an analysis of
the impact of the fund on the state's economy, business and employment activity generated by
loans from the fund, and the effects of that activity on state and local tax revenues. The
governing board shall provide the financial statements and report to the governor, the insurance

commissioner, and the legislative council and make copies available to the public. The cost of
the audit and preparation of financial statements and report must be paid from the fund.

North Dakota § 26.1-50-05 (Audited financial statement - Report of fund operations) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.