11-65-605. Audit report.
111 words·~1 min read·
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Effective 5/4/2022
11-65-605. Audit report.
(1)The lake authority shall, within 180 days after the end of the lake authority's fiscal year, file a copy of the audit report with the county auditor and the state auditor.
(2)Each audit report under Subsection
(1)shall include:
(a)the outstanding principal amount of bonds issued or other loans incurred to finance the costs associated with the lake authority's projects; and
(b)the actual amount expended for:
(i)acquisition of property;
(ii)site improvements or site preparation costs;
(iii)installation of public utilities or other public improvements; and
(iv)administrative costs of the lake authority.
Enacted by Chapter 59 , 2022 General Session