[§514D-17]  Authority's annual report; audits.  (a)  The authority shall submit to the legislature an annual status report on the condominium loan loss reserves program's activities.

     (b)  The condominium loan revolving fund shall be audited at least annually by a firm of independent certified public accountants selected by the authority and provide the results of the audit to the department of business, economic development, and tourism and the legislature. [L 2025, c 296, pt of §19]