Amendment status not verified — confirm the current text below against the official source.
Accounts and Audit.- (1) The Authority shall maintain a true and proper account and other relevant records and, prepare an annual statement of accounts including the balance sheet in such form as may be prescribed. (2) The accounts of the Authority shall be subject to audit annually by the Controller of State Accounts and as certified by the Controller of State Accounts together with audit report thereof, shall be forwarded annually to the State Government.