{"formats":[{"name":"JSON","format":"json","url":"\/downloads\/2026\/code-json\/62.1-222.json"},{"name":"Plain Text","format":"text","url":"\/downloads\/2026\/code-text\/62.1-222.txt"},{"name":"XML","format":"xml","url":"\/downloads\/2026\/code-xml\/62.1-222.xml"},{"name":"HTML","format":"html","url":"\/downloads\/2026\/code-html\/62.1-222.html"}],"law_id":374851,"edition_id":2,"section_id":374851,"structure_id":53297,"section_number":"62.1-222","catch_line":"Annual reports; audit","history":"1984, c. 699; 2005, c. 633.","full_text":"The Authority shall, following the close of each fiscal year, submit an annual report on or before December 1 of its activities for the preceding year to the Governor and General Assembly. Each report shall set forth a complete operating and financial statement for the Authority during the fiscal year it covers. An independent certified public accountant or the Auditor of Public Accounts shall perform an audit of the books and accounts of the Authority at least once in each fiscal year.\n\n","order_by":null,"text":{"0":{"id":1399098,"text":"The Authority shall, following the close of each fiscal year, submit an annual report on or before December 1 of its activities for the preceding year to the Governor and General Assembly. Each report shall set forth a complete operating and financial statement for the Authority during the fiscal year it covers. An independent certified public accountant or the Auditor of Public Accounts shall perform an audit of the books and accounts of the Authority at least once in each fiscal year.","type":"section","prefixes":[""],"prefix":"","entire_prefix":"","prefix_anchor":"","level":1}},"ancestry":[{"id":53297,"edition_id":2,"name":"Virginia Resources Authority","identifier":"21","label":"chapter","depth":2,"order_by":38,"parent_id":53275,"metadata":{"child_laws":28,"child_structures":0},"date_created":"2026-08-02 03:14:24","date_modified":"2026-08-02 12:36:54","permalink":{"id":1495675,"object_type":"structure","relational_id":53297,"identifier":"21","token":"62.1\/21","url":"\/62.1\/21\/","edition_id":2,"permalink":0,"preferred":1}},{"id":53275,"edition_id":2,"name":"Waters of the State, Ports and Harbors","identifier":"62.1","label":"title","depth":1,"order_by":132,"parent_id":null,"metadata":{"child_laws":578,"child_structures":74},"date_created":"2026-08-02 03:14:05","date_modified":"2026-08-02 12:36:41","permalink":{"id":1495201,"object_type":"structure","relational_id":53275,"identifier":"62.1","token":"62.1","url":"\/62.1\/","edition_id":2,"permalink":0,"preferred":1}}],"structure_contents":[{"id":374825,"structure_id":53297,"section_number":"62.1-197","catch_line":"Short title","url":"\/62.1-197\/","token":"62.1\/21\/62.1-197","metadata":false},{"id":374826,"structure_id":53297,"section_number":"62.1-198","catch_line":"Legislative findings and purposes","url":"\/62.1-198\/","token":"62.1\/21\/62.1-198","metadata":false},{"id":374827,"structure_id":53297,"section_number":"62.1-199","catch_line":"Definitions","url":"\/62.1-199\/","token":"62.1\/21\/62.1-199","metadata":false},{"id":374828,"structure_id":53297,"section_number":"62.1-200","catch_line":"Creation of Authority","url":"\/62.1-200\/","token":"62.1\/21\/62.1-200","metadata":false},{"id":374829,"structure_id":53297,"section_number":"62.1-201","catch_line":"Board of Directors","url":"\/62.1-201\/","token":"62.1\/21\/62.1-201","metadata":false},{"id":374830,"structure_id":53297,"section_number":"62.1-202","catch_line":"Appointment and duties of Executive Director","url":"\/62.1-202\/","token":"62.1\/21\/62.1-202","metadata":false},{"id":374831,"structure_id":53297,"section_number":"62.1-203","catch_line":"Powers of Authority","url":"\/62.1-203\/","token":"62.1\/21\/62.1-203","metadata":false},{"id":374832,"structure_id":53297,"section_number":"62.1-204","catch_line":"Power to borrow money and issue bonds and credit enhancements","url":"\/62.1-204\/","token":"62.1\/21\/62.1-204","metadata":false},{"id":374833,"structure_id":53297,"section_number":"62.1-205","catch_line":"Power to issue refunding bonds","url":"\/62.1-205\/","token":"62.1\/21\/62.1-205","metadata":false},{"id":374834,"structure_id":53297,"section_number":"62.1-206","catch_line":"Sources of payment and security for bonds and credit enhancements","url":"\/62.1-206\/","token":"62.1\/21\/62.1-206","metadata":false},{"id":374835,"structure_id":53297,"section_number":"62.1-207","catch_line":"Liability of Commonwealth, political subdivisions and members of board of directors","url":"\/62.1-207\/","token":"62.1\/21\/62.1-207","metadata":false},{"id":374836,"structure_id":53297,"section_number":"62.1-208","catch_line":"Authorization, content and sale of bonds and credit enhancements","url":"\/62.1-208\/","token":"62.1\/21\/62.1-208","metadata":false},{"id":374837,"structure_id":53297,"section_number":"62.1-209","catch_line":"Provisions of resolution or trust indenture authorizing issuance of bonds","url":"\/62.1-209\/","token":"62.1\/21\/62.1-209","metadata":false},{"id":374838,"structure_id":53297,"section_number":"62.1-210","catch_line":"Pledge by Authority","url":"\/62.1-210\/","token":"62.1\/21\/62.1-210","metadata":false},{"id":374839,"structure_id":53297,"section_number":"62.1-211","catch_line":"Purchase of bonds by Authority","url":"\/62.1-211\/","token":"62.1\/21\/62.1-211","metadata":false},{"id":374840,"structure_id":53297,"section_number":"62.1-212","catch_line":"Bonds as negotiable instruments","url":"\/62.1-212\/","token":"62.1\/21\/62.1-212","metadata":false},{"id":374841,"structure_id":53297,"section_number":"62.1-213","catch_line":"Validity of signatures of prior members or officers","url":"\/62.1-213\/","token":"62.1\/21\/62.1-213","metadata":false},{"id":374842,"structure_id":53297,"section_number":"62.1-214","catch_line":"Bondholder protection","url":"\/62.1-214\/","token":"62.1\/21\/62.1-214","metadata":false},{"id":374843,"structure_id":53297,"section_number":"62.1-215","catch_line":"Establishment of capital reserve funds","url":"\/62.1-215\/","token":"62.1\/21\/62.1-215","metadata":false},{"id":374845,"structure_id":53297,"section_number":"62.1-216","catch_line":"Purchase and credit enhancements of local obligations","url":"\/62.1-216\/","token":"62.1\/21\/62.1-216","metadata":false},{"id":374844,"structure_id":53297,"section_number":"62.1-216.1","catch_line":"Investigation by Governor of nonpayments; withholding state funds from nonpaying locality; payment of funds withheld; receipts, reports, etc","url":"\/62.1-216.1\/","token":"62.1\/21\/62.1-216.1","metadata":false},{"id":374846,"structure_id":53297,"section_number":"62.1-217","catch_line":"Grants from Commonwealth","url":"\/62.1-217\/","token":"62.1\/21\/62.1-217","metadata":false},{"id":374847,"structure_id":53297,"section_number":"62.1-218","catch_line":"Grants to local governments","url":"\/62.1-218\/","token":"62.1\/21\/62.1-218","metadata":false},{"id":374848,"structure_id":53297,"section_number":"62.1-219","catch_line":"Exemption from taxation","url":"\/62.1-219\/","token":"62.1\/21\/62.1-219","metadata":false},{"id":374849,"structure_id":53297,"section_number":"62.1-220","catch_line":"Bonds as legal investments and securities","url":"\/62.1-220\/","token":"62.1\/21\/62.1-220","metadata":false},{"id":374850,"structure_id":53297,"section_number":"62.1-221","catch_line":"Deposit of money; expenditures; security for deposits","url":"\/62.1-221\/","token":"62.1\/21\/62.1-221","metadata":false},{"id":374851,"structure_id":53297,"section_number":"62.1-222","catch_line":"Annual reports; audit","url":"\/62.1-222\/","token":"62.1\/21\/62.1-222","metadata":false},{"id":374855,"structure_id":53297,"section_number":"62.1-223","catch_line":"Liberal construction of chapter","url":"\/62.1-223\/","token":"62.1\/21\/62.1-223","metadata":false}],"previous_section":{"id":374850,"structure_id":53297,"section_number":"62.1-221","catch_line":"Deposit of money; expenditures; security for deposits","url":"\/62.1-221\/","token":"62.1\/21\/62.1-221","metadata":false},"next_section":{"id":374855,"structure_id":53297,"section_number":"62.1-223","catch_line":"Liberal construction of chapter","url":"\/62.1-223\/","token":"62.1\/21\/62.1-223","metadata":false},"metadata":false,"official_url":"https:\/\/law.lis.virginia.gov\/vacode\/62.1-222\/","history_text":"<p>This law was first created in 1984. The record of its establishment is cataloged in chapter 699 of that year\u2019s edition of \u201cActs of Assembly,\u201d the annual state publication listing all changes made to the Code of Virginia in that year. Unfortunately, the 1984 \u201cActs\u201d aren\u2019t available online. It has been modified 1 time. Those modifications are cataloged by \u201cThe Acts of Assembly,\u201d a state publication, by year and chapter. Those modifications that can be read on the General Assembly\u2019s website will be linked accordingly. That modification is as follows: in 2005, chapter <a href=\"https:\/\/legacylis.virginia.gov\/cgi-bin\/legp604.exe?051+ful+CHAP0633\">633<\/a>.<\/p>","references":false,"refers_to":false,"permalink":{"id":1495781,"object_type":"law","relational_id":374851,"identifier":"62.1-222","token":"62.1\/21\/62.1-222","url":"\/62.1-222\/","edition_id":2,"permalink":0,"preferred":1},"url":"\/62.1-222\/","token":"62.1\/21\/62.1-222","dublin_core":{"Title":"Annual reports; audit","Type":"Text","Format":"text\/html","Identifier":"\u00a7 62.1-222","Relation":"Code of Virginia"},"html":"\n\t\t\t\t\t\t<section><p>The <span class=\"dictionary\">Authority<\/span> shall, following the close of each fiscal year, submit an annual report on or before December 1 of its activities for the preceding year to the Governor and General Assembly. Each report shall set forth a complete operating and financial statement for the <span class=\"dictionary\">Authority<\/span> during the fiscal year it covers. An independent certified public accountant or the Auditor of Public Accounts shall perform an audit of the books and accounts of the <span class=\"dictionary\">Authority<\/span> at least once in each fiscal year.<\/p><\/section>","plain_text":"                                 CODE OF VIRGINIA\n\nANNUAL REPORTS; AUDIT (\u00a7 62.1-222)\n\nThe Authority shall, following the close of each fiscal year, submit an annual\nreport on or before December 1 of its activities for the preceding year to the\nGovernor and General Assembly. Each report shall set forth a complete operating\nand financial statement for the Authority during the fiscal year it covers. An\nindependent certified public accountant or the Auditor of Public Accounts shall\nperform an audit of the books and accounts of the Authority at least once in\neach fiscal year.\n\nHISTORY: 1984, c. 699; 2005, c. 633.","edition":{"id":2,"name":"2026","slug":"2026","date_created":"2026-07-16 18:40:23","date_modified":"2026-08-02 15:14:36","current":1,"order_by":2,"last_import":"2026-08-02 12:37:30"}}