§323F-22  Annual audit and report;disclosure of revenue projections; internal performance audit.  (a)  Thecorporation shall engage a certified public accountant to conduct an annualaudit of its financial affairs, books, and records in accordance with generallyaccepted accounting principles.  The corporation, in consultation with aregional system board, may permit or require a regional system board to retainan audit firm to conduct an independent audit of the regional system.  Eachregional system board shall submit the results of the annual audit to thecorporation board within one hundred twenty days after the close of theregional system board's fiscal year.  The corporation shall submit to thegovernor and the legislature, within one hundred fifty days after the close ofthe corporation's fiscal year, a report that shall include the auditedfinancial report for that fiscal year for the corporation and each regionalsystem board.

(b)  In addition to the submittal of the auditrequired under subsection (a), the corporation, in cooperation with theregional system boards, shall submit a report to the legislature at leasttwenty days prior to the convening of each regular session that shall includebut not be limited to:

(1)  The projected revenues for each health carefacility;

(2)  A list of all proposed capital improvementprojects planned for implementation during the following fiscal year; and

(3)  All reports submitted by regional public healthfacility management advisory committees pursuant to section 323F-10(c).

(c)  The regional system boards shall prepare areport for inclusion with the corporation's annual report and audit.

(d)  There shall be an annual internal audit ofthe management and operations of the corporation and regions.  The corporation,in cooperation with the regional system boards, shall submit a report to thelegislature at least twenty days prior to the convening of each regular sessionon the results of the annual internal audit of the management and operations ofthe corporation and regions. [L 1996, c 262, pt of §2; am L 2007, c 290, §31;am L 2009, c 182, §15]