§ 13-23-125 — Annual reports - Audits

(a) The agency may, in accordance with the rules, regulations, policies and procedures of the state publications committee, submit an annual report of its activities for the preceding year to the governor, comptroller of the treasury, and the general assembly. Each such report shall set forth a complete operating and financial statement of the agency during such year. The annual report shall set forth an annual statistical report including, but not limited to, the amount of mortgage loans made and the geographic location of the property having such mortgages; the number, size and average income of families benefiting from the agency's activities; the improved size of housing for such families; and comparison of the loan interest rates for such families with and without the agency's activities. (b) (1) The annual report, including financial statements, all books, accounts and financial records of the agency shall be audited annually by the comptroller of the treasury. (2) All audits performed by the internal audit staff of the agency shall be conducted in accordance with the standards established by the comptroller of the treasury pursuant to § 4-3-304(9) .

Legislative History

Acts 1973, ch. 241, § 15; 1974, ch. 702, § 10; 1977, ch. 483, § 12; T.C.A., § 13-2325; Acts 1984, ch. 794, § 9; 1990, ch. 1024, § 15; 2004, ch. 656, § 2.