The following shall apply:
(1) The land bank shall annually, within 120 days after the end of the fiscal year, submit an audit of income and expenditures, together with a report of its activities for the preceding year, to the department.
(2) A duplicate of the audit and the report shall be filed with the governing body of:
(i) the land bank jurisdiction which created the land bank; and
(ii) each political subdivision which opted to participate in the land bank pursuant to an intergovernmental agreement.
Cross References. Section 2119 is referred to in section 2104 of this title.
Structure Pennsylvania Consolidated & Unconsolidated Statutes
Pennsylvania Consolidated & Unconsolidated Statutes
Title 68 - REAL AND PERSONAL PROPERTY
Section 2101 - Scope of chapter
Section 2102 - Legislative findings and purpose
Section 2104 - Creation and existence
Section 2109 - Acquisition of property
Section 2110 - Disposition of property
Section 2111 - Financing of land bank operations
Section 2112 - Borrowing and issuance of bonds
Section 2113 - Public records and public access
Section 2114 - Dissolution of land bank
Section 2115 - Conflicts of interest
Section 2116 - Construction, intent and scope
Section 2117 - Delinquent property tax enforcement
Section 2118 - Expedited quiet title proceedings
Section 2119 - Annual audit and report