99.180 Reports to supervising agency -- Reserves -- Accounts.
90 words·~1 min read·
/ky/chapter-99/99-180A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
A redevelopment corporation shall:
(1)Furnish to the supervising agency from time to time, as required by it, but with
respect to regular reports not more often than once every six
(6)months, such
financial information, statements, audited reports or other material as such
supervising agency shall require, each of which shall conform to such standards of
accounting and financial procedure as the supervising agency may by general
regulation prescribe.
(2)Establish and maintain such depreciation and other reserves, surplus and other
accounts as the supervising agency may reasonably require.