Vermont § 639 - Annual reports; audit

§ 639. Annual reports; audit

• (a) On or before the last day of January in each year, the Agency shall submit a report
  of its activities for the preceding fiscal year to the Governor and to the General
  Assembly, specifically the committees in the House and Senate with jurisdiction over
  housing. Each report shall set forth a complete operating and financial statement
  covering its operations during the year, including the Agency’s present and projected
  economic health, amount of indebtedness, a statement of the amounts received from
  funds generated by interest from real estate escrow and trust accounts established
  pursuant to 26 V.S.A. § 2214(c), a list and description of the programs to which IORTA funds were provided and the
  amounts distributed to each county. The Agency 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 Agency 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. (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 Agency, including its receipts,
  disbursements, contracts, sinking funds, investments, and any other matters relating
  to its financial statements. (Added 1973, No. 260 (Adj. Sess.), § 3, eff. April 11, 1974; amended 1989, No. 145 (Adj. Sess.), § 3, eff. April 20, 1990; 1991, No. 86, § 3, eff. Jan. 1, 1992; 2007, No. 86 (Adj. Sess.), § 2, eff. March 3, 2008; 2013, No. 142 (Adj. Sess.), § 17.)