§ 2119. Annual audit and report.
107 words·~1 min read·
/pa/title-68/chapter-21/2119A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
§ 2119. Annual audit and report.
The following shall apply:
(1)The land bank shall annually, within 120 days after the end of the fiscal year, submit an audit of income and expenditures, together with a report of its activities for the preceding year, to the department.
(2)A duplicate of the audit and the report shall be filed with the governing body of:
(i)the land bank jurisdiction which created the land bank; and
(ii)each political subdivision which opted to participate in the land bank pursuant to an intergovernmental agreement.
68c2119v
Cross References. Section 2119 is referred to in section 2104 of this title.
68c2120s