South Carolina Statutes
§ 11-50-160 — Annual reports; audit of books and accounts.
Following the close of each state fiscal year, the authority shall submit an annual report of its activities for the preceding year to the Governor and to the General Assembly. Also, the authority shall submit an annual report of any loans or other financial assistance, excluding grants, to the Joint Bond Review Committee. An independent certified public accountant shall perform an audit of the books and accounts of the authority at least once in each state fiscal year.
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Legislative History
HISTORY: 2010 Act No. 171, SECTION 1, eff May 26, 2010; 2014 Act No. 195 (S.812), SECTION 4, eff June 2, 2014. Effect of Amendment 2014 Act No. 195, SECTION 4, add the second sentence, relating to submittal of an annual report.
Nearby Sections
15
§ 11-50-10
Short title.§ 11-50-110
Exempt from taxes and assessments.§ 11-50-120
Defaults by eligible entities.§ 11-50-160
Annual reports; audit of books and accounts.§ 11-50-180
Severability provision.§ 11-50-20
Legislative findings.§ 11-50-40
Definitions.§ 11-50-55
Director of the authority.