Every year, within 120 days following the close of the fiscal year, the Board of Directors of the trust shall submit a report to the Governor as well as to the President and the Speaker of both legislative bodies, who shall decide to which committee or committees said report shall be forwarded. Said report shall include the following:
(a) A financial statement audited by a well-known firm and a full report of the activities of the trust for the preceding fiscal year.
(b) A full and detailed description of all its contracts and transactions during the fiscal year corresponding to the report.
(c) Complete information on the present condition and progress of its financings and activities up to the date of its last report.
History —Nov. 21, 2002, No. 271, § 14.