Oklahoma § 60-180.2 - Filing of copies of audit or agreed-upon-procedures

§ 60-180.2. Filing of copies of audit or agreed-upon-procedures

report - Failure to file – Filing of copy of instrument or will

creating public trust.

(a) The audits herein required shall include the opinion of a

certified public accountant or a licensed public accountant

notwithstanding any lesser requirement by any instrument under which

the trust may have covenanted for an audit to be made or furnished.

One copy of the annual audit or agreed-upon-procedures report shall

be filed with the State Auditor and Inspector, and, in the case of a

trust wherein the state is the beneficiary, one copy with the

Governor of the State of Oklahoma and one copy with each beneficiary

of the trust, not later than six (6) months following the close of

each fiscal year of the trust.

Oklahoma Statutes - Title 60. Property

(b) Within thirty (30) days after the effective date hereof,

each trust mentioned in Section 180.1 of this title shall certify to

the State Auditor and Inspector the date of the close of its fiscal

year.

(c) In the event that copy of such audit or agreed-uponprocedures report as herein required shall not be filed with the

State Auditor and Inspector within the time herein provided, the

State Auditor and Inspector hereby is authorized to employ, at the

cost and expense of the trust, a certified public accountant or

licensed public accountant to make the audit or perform the agreedupon-procedures report herein required.

(d) Prior to the delivery of and payment for any bonds, notes

or other evidences of indebtedness by a public trust, there shall be

filed with the Secretary of State an executed original or certified

copy of the written instrument or will creating such public trust

and a notice of said filing with the Secretary of State shall be

delivered to the State Auditor and Inspector and, in the case of a

trust wherein the state is the beneficiary, to the Attorney General.

Added by Laws 1963, c. 76, § 2, emerg. eff. May 21, 1963. Amended

by Laws 1970, c. 240, § 1, emerg. eff. April 22, 1970; Laws 1976, c.

222, § 8, eff. Dec. 1, 1976; Laws 1979, c. 30, § 94, emerg. eff.

April 6, 1979; Laws 1987, c. 110, § 2, eff. Nov. 1, 1987; Laws 2005,

c. 459, § 7, eff. July 1, 2005.