Vermont § 217 - Records; annual report; audit

§ 217. Records; annual report; audit

• (a) The Authority shall keep an accurate account of all its activities and of all its
  receipts and expenditures. (b) Prior to February 1 in each year, the Authority shall submit a report of its activities
  for the preceding fiscal year to the Governor and to the General Assembly. The report
  shall set forth a complete operating and financial statement covering its operations
  during the year. The Authority shall cause an audit of its books and accounts to be
  made at least once in each year by a certified public accountant and its cost shall
  be considered an expense of the Authority and a copy shall be filed with the State
  Treasurer. The provisions of 2 V.S.A. § 20(d) (expiration of required reports) shall not apply to the report to be made under this
  subsection. (c) The Auditor of Accounts of the State and the Auditor’s authorized representatives
  may at any time examine the accounts and books of the Authority, including its receipts,
  disbursements, contracts, funds, investments, and any other matters relating to its
  financial statements. (d) At such time as the Authority has exhausted all rights and remedies to enforce the
  terms of a financing document or mortgage serving as security for a loan, the identity
  of the borrower and the outstanding principal balance of the loan shall become a public
  record. (Added 1973, No. 197 (Adj. Sess.), § 1; amended 1975, No. 18, § 3, eff. March 27, 1975; 1999, No. 131 (Adj. Sess.), § 1a; 2013, No. 142 (Adj. Sess.), § 16; 2025, No. 26, § 1, eff. July 1, 2025.)