Following the close of each state fiscal year, the authority shall submit an annual report of its activities for the preceding year to the Governor and to the General Assembly. Also, the authority shall submit an annual report of any loans or other financial assistance, excluding grants, to the Joint Bond Review Committee. An independent certified public accountant shall perform an audit of the books and accounts of the authority at least once in each state fiscal year.
S.C. Code Ann. § 11-50-160
Annual reports; audit of books and accounts
Known as the South Carolina Rural Infrastructure Act
The act spans §§ 11-50-10 to 11-50-90 (20 sections).
2010 Act No. 171, SECTION 1, eff May 26, 2010; 2014 Act No. 195 (S.812), SECTION 4, eff June 2, 2014.
Official source: South Carolina Legislature. Reproduced from public-domain South Carolina statutes; confirm against the official source for the current text. Not legal advice.