Any corporation that produces agricultural ethyl alcohol or methanol within this state
and which receives a production subsidy from the state, whether in the form of reduced
taxes or otherwise, shall submit an annual audit report, prepared by a certified public
accountant based on an audit of all records and accounts of the corporation, to the
legislative audit and fiscal review committee. The audit must be submitted within ninety days of the close of the corporation's
taxable year. Upon request of the legislative audit and fiscal review committee, the state auditor
shall conduct an audit of the records and accounts of any corporation required to
submit an annual report under this section.
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