Annual report; publication

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  • (a) The Authority shall submit to the Legislature annually after the close of its fiscal year, a report of the business of the Authority for the preceding fiscal year.

  • (b) The Authority's annual report must include an accounting of (i) the expenditures paid from its Operating Budget; (ii) expenditures paid by interest earned from bond proceeds; and (iii) expenditures paid from interest earned from debt service. The Authority shall submit such additional reports as the Legislature may request.


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