Section 63H-1-705 - Audit report(1) The authority shall, within 180 days after the end of the authority's fiscal year, file a copy of the audit report with the county auditor, the State Tax Commission, the State Board of Education, and each taxing entity that levies a tax on property from which the authority collects property tax allocation.(2) Each audit report under Subsection (1) shall include: (a) the property tax allocation collected by the authority for each project area;(b) the outstanding principal amount of bonds issued or other loans incurred to finance the costs associated with the authority's project areas; and(c) the actual amount expended for:(i) acquisition of property;(ii) site improvements or site preparation costs;(iii) installation of public utilities or other public improvements; and(iv) administrative costs of the authority.Amended by Chapter 377, 2015 General Session ,§ 10, eff. 3/30/2015.Enacted by Chapter 23, 2007 General Session