The Authority shall, promptly following the close of each fiscal year, submit an annual report of its activities for the preceding year to the Governor and the General Assembly. Each such report shall set forth a complete operating and financial statement covering the operation of the Authority during such year. The Authority shall cause an audit on its books and accounts to be made at least once in each year by the State Auditor or by certified public accountants.
HISTORY: 1962 Code Section 22-96.17; 1971 (57) 775.
Structure South Carolina Code of Laws
Chapter 115 - State Education Assistance Act
Section 59-115-10. Short title.
Section 59-115-20. Definitions.
Section 59-115-30. Function of Authority.
Section 59-115-40. State Education Assistance Authority.
Section 59-115-50. Powers of Authority.
Section 59-115-60. State Education Assistance Authority Loan Fund.
Section 59-115-70. Sinking fund; State Education Assistance Authority Loan Guarantee Reserve Fund.
Section 59-115-80. Authority empowered to issue revenue bonds.
Section 59-115-90. Bond resolution; custody of moneys received; expenses payable from loan fund.
Section 59-115-110. All money received deemed trust funds; investment of funds.
Section 59-115-120. Rights of bondholders.
Section 59-115-130. Bonds as negotiable instruments.
Section 59-115-140. Bonds as legal investments.
Section 59-115-150. Security for bonds.
Section 59-115-160. Liability of State and Authority; expenses of Authority.