| Within 4 months after the close of each fiscal year of the |
authority, the executive director of the authority shall prepare |
and submit a complete financial report to the Governor and to the |
Legislature, duly audited and certified by the auditor of |
accounts of the operations and activities of the authority during |
the preceding fiscal year to be distributed in the same way as |
state departmental reports. Within 5 months after the close of |
the fiscal year, the executive director shall prepare and submit |
to the Legislature a detailed report on the activities of the |
authority during the preceding fiscal year.__The report must |
contain information concerning the authority's financial and |
operational activities, including, but not limited to, |
resolutions, projects, grants, mortgages and loans.__The report |
also must address continuing and potential problems with |
finances, operations and projects. |