Accounts, records and audits
Compiled text through Sep 15, 2021
Register checked through Jul 29, 2026
No later Register activity identified in this check.
Dates and status
- Compiling agency
- Executive Department
- Text status
- Source receipt
- Compiled text through
- Sep 15, 2021
- Register checked through
- July 29, 2026/Vol. XLVIII, Issue 30 (2026-07-29)
- Activity status
- No later Register activity identified in this check.
- Source snapshot
- Jun 6, 2026
A municipality or Municipal Urban Renewal Agency shall:
(a)Keep and maintain records and accounts in accordance with and in the manner as may be prescribed by the State Comptroller.
(b)Submit within 60 days after the close of the fiscal year, an annual report of its financial condition, to the commissioner and the State Comptroller, in such form as the Comptroller shall require.
(c)Furnish additional information as may be required from the agency or any officer thereof, at any time, by the commissioner or the State Comptroller.
(d)Submit for examination the books and accounts of the agency including its receipts, disbursements, contracts, reserve funds, sinking funds, investments and any other matter relating to its finances or financial standing to the State Comptroller or his legally authorized representative.
(e)Be subject to an examination to be conducted by the State Comptroller at least once in every five years. In lieu of such examination, an external examination of the books and accounts, made at the request of the agency, may be accepted by the State Comptroller.