§ 94155 Annual Financial And Audit Report

• •The authority must send a yearly report to the Governor and Legislature by March 31.
• •The report must include all the money details and what the authority did that year.
• •The authority must have its money records checked by professional accountants every year.
• •The authority must talk to education groups about needing more money for student loans.

Imagine a school group that helps students get loans for college.

Every year, this group must tell the Governor and lawmakers how they spent their money and what they did. They also have to let accountants check their money records to make sure everything is correct. Plus, they need to talk to other education groups to see if students need more help with loans.