§ 23.1-2410 — Audit

Virginia § 23.1-2410

• Jurisdiction: Virginia
• Title 23.1: Institutions of Higher Education; Other Educational and Cultural Institutions
• Subtitle IV: Public Institutions of Higher Education
• Ch. 24: Virginia Commonwealth University Health System Authority

Text

A. The Authority shall select through a process of competitive negotiation either (i) the Auditor of Public Accounts or his legally authorized representatives or (ii) a certified public accounting firm to annually audit the Authority's accounts.

B. The Authority shall distribute copies of the annual audit to the Governor and the Chairmen of the House Committee on Appropriations and the Senate Committee on Finance and Appropriations.

C. The Auditor of Public Accounts and his legally authorized representatives may examine the accounts and books of the Authority; however, the Authority is not a state or governmental agency, advisory agency, public body or agency, or instrumentality for purposes of Chapter 14 (§ 30-130 et seq.) of Title 30.

D. The Authority is subject to periodic external review under the provisions of the Legislative Program Review and Evaluation Act (§ 30-65 et seq.).

Legislative History

1996, cc. 905, 1046, § 23-50.16:8; 2016, c. 588.