63J-1-201.5. Financial statement to be submitted annually.
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Effective 8/31/2020
63J-1-201.5. Financial statement to be submitted annually.
The governor shall submit an audited financial statement no later than December 31 of each year that shows:
(1)the revenues and expenditures for the last fiscal year;
(2)payment and discharge of the principal and interest of the indebtedness of the state;
(3)the current assets, liabilities, and reserves, surplus or deficit, and the debts and funds of the state;
(4)an estimate of the state's financial condition as of the beginning and the end of the period covered by the budget; and
(5)a complete analysis of lease with an option to purchase arrangements entered into by state agencies.
Amended by Chapter 12 , 2020 Special Session 6