LD 1957
pg. 13
Page 12 of 14 An Act To Establish a Development Authority for Brunswick Naval Air Station ... Page 14 of 14
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LR 2604
Item 1

 
prior redemption date have been irrevocably set aside in trust for
the benefit of the bondholders.

 
§13083-S.__Annual report

 
1.__Annual financial report.__The authority shall submit
annually to the Governor, the Executive Director of the
Legislative Council and the joint standing committee of the
Legislature having jurisdiction over housing and economic
development matters, not later than 120 days after the close of
the authority's fiscal year, a complete report on the activities
of the authority. The report may also be provided to any other
member of the Legislature and to any other person. The report
must include all of the following for the previous year:

 
A.__A description of the authority's operations;

 
B.__An accounting of the authority's receipts and
expenditures, assets and liabilities at the end of its
fiscal year;

 
C.__A listing of all property transactions pursuant to
section 13083-K;

 
D.__An accounting of all activities of any special utility
district formed under section 13083-L;

 
E.__A listing of any property acquired by eminent domain
under section 13083-I;

 
F.__A listing of any bonds issued during the fiscal year
under section 13083-I;

 
G.__A statement of the authority's proposed and projected
activities for the ensuing year; and

 
H.__Recommendations regarding further actions that may be
suitable for achieving the purposes of this article.

 
Sec. 2. Report to committee; first regular session. The Brunswick Naval Air
Station Development Authority shall report the status of the
establishment of the authority to the joint standing committee of
the Legislature having jurisdiction over housing and economic
development matters during the First Regular Session of the 123rd
Legislature no later than April 1, 2007.

 
Emergency clause. In view of the emergency cited in the preamble,
this Act takes effect when approved.


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