Welcome to FindLaw's Cases & Codes, a free source of state and federal court opinions, state laws, and the United States Code. For more information about the legal concepts addressed by these cases and statutes, visit FindLaw's Learn About the Law.
(a) Subject to the provisions of any contract with the holders of its bonds, the Authority shall establish a system of accounts.
(b) The Authority may cause an independent audit of its books and accounts to be prepared annually and the cost thereof may be paid from any available moneys of the Authority.
(c) By October 1 of each year, the Authority shall submit to the Governor, the Joint Legislative Oversight Committee on Agriculture and Natural and Economic Resources, and the Fiscal Research Division an annual report on the operations of the Authority during the past fiscal year. The annual report shall include a mission statement and a description of the Authority’s activities during the past fiscal year. The Authority shall submit to the Governor, the Joint Legislative Oversight Committee on Agriculture and Natural and Economic Resources, and the Fiscal Research Division a copy of the report of every audit of the books and accounts of the Authority within 60 days after receipt of the report.
Cite this article: FindLaw.com - North Carolina General Statutes Chapter 122D. North Carolina Agricultural Finance Act § 122D-18. Account and audits - last updated January 01, 2020 | https://codes.findlaw.com/nc/chapter-122d-north-carolina-agricultural-finance-act/nc-gen-st-sect-122d-18.html
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.