Vermont Statutes Title 16 Sec. 2835
Terms Used In Vermont Statutes Title 16 Sec. 2835
- biennially: shall mean the year in which a regular session of the General Assembly is held. See
- Board: means the Board of Directors of the Vermont Student Assistance Corporation. See
- Secretary: means the Secretary of Education. See
- State: when applied to the different parts of the United States may apply to the District of Columbia and any territory and the Commonwealth of Puerto Rico. See
§ 2835. Controls, audits, and reports
(a) Control of funds appropriated and all procedures incident to the carrying out of the purposes of this chapter shall be vested in the Board.
(b) The books of account of the Corporation shall be audited annually by an independent public accounting firm registered in the State of Vermont in accordance with government auditing standards issued by the U.S. Government Accountability Office (GAO) and the resulting audit report filed with the Secretary of Administration not later than November 1 each year.
(c) Biennially, the Board shall report to the General Assembly on its activities during the preceding biennium. The provisions of 2 V.S.A. § 20(d) (expiration of required reports) shall not apply to the report to be made under this subsection. (Added 1965, No. 198, § 8; amended 2003, No. 86 (Adj. Sess.), § 10; 2007, No. 121 (Adj. Sess.), § 5; 2013, No. 142 (Adj. Sess.), § 29; 2019, No. 104 (Adj. Sess.), § 5.)