30-204. Annual audit of operation funds and
collateral deposits
A. District and state agencies authorized to issue revenue bonds subject to
approval of the state certification board shall cause an annual audit to be made of their
respective operation funds. Districts, state agencies and municipalities pledging any
assessments, funds or property presently owned or to be provided, accumulated or acquired
shall similarly cause an audit to be made of their respective collateral deposits. The
audits shall be made by a certified public accountant within thirty days after the close
of the respective fiscal years of the districts, state agencies and municipalities, and
each shall file a certified copy thereof with the auditor general.
B. The auditor general may, if he deems it advisable, at the expense of the
district, state agency or municipality concerned, make such further audits and
examinations as he deems necessary and take appropriate action in relation thereto as
provided by title 41, chapter 7, article 10.1. Unless the auditor general takes official
action within thirty days after filing the audit, it shall be deemed sufficient.
C. The audits shall be in lieu of all other official audits of all operation funds
or collateral deposits of the districts, state agencies and municipalities, except as
ordered by a court of competent jurisdiction.
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