Section 201.5 – Financial statement to be submitted annually.

Effective 8/31/2020
63J-1-201.5. Financial statement to be submitted annually.
The governor shall submit an audited financial statement no later than December 31 of each year that shows:

• (1) the revenues and expenditures for the last fiscal year;

• (2) payment and discharge of the principal and interest of the indebtedness of the state;

• (3) the current assets, liabilities, and reserves, surplus or deficit, and the debts and funds of the state;

• (4) an estimate of the state’s financial condition as of the beginning and the end of the period covered by the budget; and

• (5) a complete analysis of lease with an option to purchase arrangements entered into by state agencies.

Amended by Chapter 12, 2020 Special Session 6