{"data":{"id":"us-ky/krs-151.662","jurisdiction":"us-ky","citation":"KRS 151.662","heading":"Statement of objectives --- Annual report -- Accounting and auditing.","body":"(1) The board shall annually formulate and issue a statement of objectives, priorities,\nand programs that it has adopted or envisions to meet these objectives. This\nstatement of objectives shall be included in the annual report.\n(2) The board shall report annu ally to the Governors of the Commonwealth of\nKentucky and State of Tennessee, and to the General Assemblies. This report shall\nalso be transmitted to the governing bodies of each county and incorporated\nmunicipality of the authority. The report shall inclu de a statement of financial\nreceipts and expenditures, assets and liabilities of the authority, a summary of all\nactivities and accomplishments for the period, and proposed plans for the next year.\n(3) The Auditor of Public Accounts shall establish in coop eration with the Comptroller\nof the Treasury of Tennessee, an acceptable accounting system and an auditing\nrequirement for the authority. Purchasing and contracting procedures adopted by the\nauthority shall not be effective until approved by the Auditor of Public Accounts.","path":["KRS Chapter 151"],"source_url":"https://apps.legislature.ky.gov/law/statutes/statute.aspx?id=2157","current_through":"Includes enactments through the 2026 Regular Session","vintage":"09/05/2026","retrieved_at":"2026-09-05T20:50:46Z","sha256":"6f5a965e042fe89103f40291747cb2fadefa5f308cd980fcbc28d58a6dd79abf","source_id":"us-ky","stale":false,"prev":"us-ky/krs-151.660","next":"us-ky/krs-151.664"},"notice":"GroundRules: Original legal text. Not legal advice."}