The Vermont Statutes Online
The Statutes below include the actions of the 2025 session of the General Assembly.
NOTE: The Vermont Statutes Online is an unofficial copy of the Vermont Statutes Annotated that is provided as a convenience.
Subchapter
001
:
GENERAL PROVISIONS
(Cite as: 10 V.S.A. § 217)
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§ 217. Records; annual report; audit
(a) The Authority shall keep an accurate account of all its activities and of all its
receipts and expenditures.
(b) Prior to February 1 in each year, the Authority shall submit a report of its activities
for the preceding fiscal year to the Governor and to the General Assembly. The report
shall set forth a complete operating and financial statement covering its operations
during the year. The Authority shall cause an audit of its books and accounts to be
made at least once in each year by a certified public accountant and its cost shall
be considered an expense of the Authority and a copy shall be filed with the State
Treasurer. The provisions of 2 V.S.A. § 20(d) (expiration of required reports) shall not apply to the report to be made under this
subsection.
(c) The Auditor of Accounts of the State and the Auditor’s authorized representatives
may at any time examine the accounts and books of the Authority, including its receipts,
disbursements, contracts, funds, investments, and any other matters relating to its
financial statements.
(d) At such time as the Authority has exhausted all rights and remedies to enforce the
terms of a financing document or mortgage serving as security for a loan, the identity
of the borrower and the outstanding principal balance of the loan shall become a public
record. (Added 1973, No. 197 (Adj. Sess.), § 1; amended 1975, No. 18, § 3, eff. March 27, 1975; 1999, No. 131 (Adj. Sess.), § 1a; 2013, No. 142 (Adj. Sess.), § 16; 2025, No. 26, § 1, eff. July 1, 2025.)