Vermont § 5038 - Annual reports; audit

§ 5038. Annual reports; audit

• (a) On or before the last day of January in each year, the Authority shall submit a report
  of its activities for the preceding calendar year to the Governor, the Public Utility
  Commission, and the General Assembly. Each report shall set forth a complete operating
  and financial statement covering its operations during the year, and shall contain
  a full and complete statement of the Authority’s anticipated budget and operations
  for the ensuing year. 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. The Authority shall cause an audit of its books and accounts to be made
  at least once in each year by certified public accountants; the cost shall be considered
  an expense of the Authority and copies shall be filed with the State Treasurer and
  the Public Utility Commission. (b) The Auditor of Accounts of the State and his or her duly authorized representatives
  may at any time examine the accounts and books of the Authority including its receipts,
  disbursements, contracts, sinking funds, investments, and any other matters relating
  to its financial statements. (Added 1979, No. 78, § 3; amended 2013, No. 142 (Adj. Sess.), § 51.)