(a) During each calendar year, each authority shall make a public, written report to the governing bodies of the municipal electric utilities concerning its activities for the preceding calendar year.
(b) Each report shall set forth a complete operating and financial statement covering its operation during the year, including, without limitation, an audit of the authority's revenues and expenses performed by an independent certified public accountant.
Structure Arkansas Code
Chapter 20 - Interlocal Cooperation Act
Subchapter 4 - Arkansas Municipal Electric Utility Interlocal Cooperation Act of 2003
§ 25-20-404. Powers and duties of board of commissioners
§ 25-20-405. Powers of authority
§ 25-20-409. Lien in favor of bond holders
§ 25-20-411. Security deposit of public funds
§ 25-20-412. No personal liability
§ 25-20-414. Tax-exempt status of property owners and income
§ 25-20-416. No public utility status
§ 25-20-417. Annual report and audit
§ 25-20-418. Provisions supplemental and controlling
§ 25-20-421. Effect of other laws
§ 25-20-423. Termination or dissolution