Amendment status not verified — confirm the current text below against the official source.
Accounts and audit.- (1) The Authority shall maintain proper books of accounts, annual statement of accounts and such other books as may be prescribed. (2) The accounts of the Authority shall be subject to an annual audit by the Accountant General of the State and any expenditure incurred by the Accountant General in connection with such audit shall be payable by the Authority. (3) The Accountant General or any person appointed by him in connection with the audit of accounts of the Authority shall have the same right, privilege, and authority in connection with such audit as the Accountant General has in connection with the audit of the Government accounts and in particular shall have the right to demand the production of books, accounts, connected vouchers and other documents and papers. (4) A copy of the audit report shall be submitted to the State Government, the Authority and any other relevant person or authority specified by the State Government. (5) The State Government shall lay the accounts and audit report with compliance before each House of the State Legislation.