California Public Resources Code

§ 42054

PRC § 42054 Effective Jan 1, 2023Div. 30 · Part 3 · Ch. 3 · Art. 2

Statute text

(a)A PRO shall keep minutes, books, and records that clearly reflect the activities and transactions of the PRO.

(b)The accounting books of the PRO shall be audited at least once per calendar year at the PRO’s expense by an independent public accountant certified in the United States and retained by the PRO.

(c)The PRO shall provide the audit to the department with the annual report required pursuant to Section 42051.3. The department shall review the audit for compliance with this chapter and consistency with the plan adopted pursuant to Section 42051.1 and shall post the audit publicly on its internet website. The department shall notify the PRO of any compliance issues or inconsistencies.

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Legislative history

Added by Stats. 2022, Ch. 75, Sec. 2. (SB 54) Effective January 1, 2023.