Virginia Code 15.2-5812: Additional duties
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In addition to the duties set forth elsewhere in this chapter, the Authority shall:
Terms Used In Virginia Code 15.2-5812
- Authority: means the Virginia Baseball Stadium Authority. See Virginia Code 15.2-5800
- Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
1. Keep records as are consistent with sound business practices and accounting records using generally accepted accounting practices;
2. Cause an audit by an independent certified public accountant to be made of accounts and transactions at the conclusion of each fiscal year;
3. Be subject to audit and examination at any reasonable time of its accounts and transactions by the Auditor of Public Accounts; and
4. Submit a detailed annual report of its activities and financial standing to the Governor and to the General Assembly.
1992, c. 823, § 15.1-227.82; 1997, c. 587.