Each joint agency shall, following the closing of each fiscal year, submit an annual report of its activities for the preceding year to the governing bodies of its member municipalities. Each such report shall set forth a complete operating and financial statement covering the operations of the joint agency during such year. The joint agency shall cause an audit of its books of record and accounts to be made at least once in each year by a certified public accountant and the cost thereof may be treated as a part of the cost of construction of a project or projects, or otherwise as part of the expense of administration of a project covered by such audit.
HISTORY: 1978 Act No. 473, Section 28.
Structure South Carolina Code of Laws
Chapter 23 - Joint Municipal Electric Power And Energy Act
Section 6-23-30. Planning, construction, and ownership of electric distribution facilities.
Section 6-23-50. Formation of joint agency; certificate as proof of existence.
Section 6-23-60. Filing of petition prior to acquisition of project; action by Commission; appeal.
Section 6-23-80. Executive committee.
Section 6-23-90. Rights and powers of joint agency.
Section 6-23-130. Issuance of bonds authorized.
Section 6-23-150. Trust agreements.
Section 6-23-160. Rents, rates, fees and charges; validity and lien of pledge.
Section 6-23-170. Investment of moneys pending disbursement.
Section 6-23-180. Legal action by bond holder and trustee.
Section 6-23-190. Bonds and interest coupons designated investment securities.
Section 6-23-200. Investment in bonds lawful.
Section 6-23-210. Bonds to be special obligations; payment thereof.
Section 6-23-220. Issuance of refunding bonds authorized.
Section 6-23-230. Bonds tax exempt.
Section 6-23-235. Applicability of franchise and permit requirements.
Section 6-23-240. Certification required.
Section 6-23-250. Projects and power as subject to taxation.
Section 6-23-260. Rights and privileges of personnel.
Section 6-23-270. Annual reports; audits.
Section 6-23-280. Participation of joint agency in grant-in-aid and loan programs.
Section 6-23-290. Eminent domain.
Section 6-23-300. Immunity of directors, officers and their agents.
Section 6-23-310. Immunity of joint agencies waived and withdrawn.
Section 6-23-320. Powers cumulative; bonds for financing private facilities not authorized.
Section 6-23-330. Liberal construction; savings clause.
Section 6-23-340. Legal and binding effect of existing contracts.