Section 15-311-46 - Annual report to the governor and legislatureThe corporation shall at least once a year file with the governor and the legislature a report of the revolving fund activities for the preceding year. As used in this section, the term year shall mean the fiscal year beginning on July 1, and ending on June 30. The annual report shall provide the following information on the status of its programs and finances:
(1) A description of projects being developed in the current fiscal biennium including: (A) A summary listing of such projects;(B) The status of each project;(C) The methods of project financing of grants and loans;(D) Other information deemed significant;(2) A status report of: (A) Actual expenditures made for the purposes of the revolving fund in the prior completed fiscal year; and(B) Estimated expenditures anticipated for the current fiscal year; and(3) An annual financial audit and report, conducted by a certified public accounting firm and based on the fiscal year beginning on July 1 and ending on June 30. [Eff APR 23 2010] (Auth: HRS § 201H-202) (Imp: HRS § 201H-202)