{"data":{"id":"us-in/ic-5-1.5-3-5","jurisdiction":"us-in","citation":"IC 5-1.5-3-5","heading":"Audit of books and accounts; costs; copy; annual report to governor","body":"Sec. 5. (a) The bank shall have an audit of its books and accounts made at least once in each year by a certified public accounting firm or the state board of accounts. If the audit is to be conducted by a certified public accounting firm, the firm may not be selected without a review of the firm's proposal and approval of the firm by the state board of accounts. The cost of the audit shall be considered an expense of the bank, and a copy of the audit shall be made available to the public.\n(b) The bank shall submit a report of its activities for each fiscal year to the governor before November 1 of the calendar year in which the bank's fiscal year ends. Each report shall set forth a complete operating and financial statement covering its operations during that fiscal year.","path":["TITLE 5. STATE AND LOCAL ADMINISTRATION","ARTICLE 1.5. INDIANA BOND BANK","Chapter 3. Powers and Duties"],"source_url":"https://iga.in.gov/ic/2026/Title_5.html#5-1.5-3-5","current_through":"2026","vintage":"2026","retrieved_at":"2026-09-02T16:11:39Z","sha256":"e3dba160120154eb2d81c1c1154375d302d066dd5a3ea4efbfcce2619824bd89","source_id":"us-in","stale":false,"prev":"us-in/ic-5-1.5-3-4","next":"us-in/ic-5-1.5-3-6"},"notice":"GroundRules: Original legal text. Not legal advice."}