§16-13C-4. Management of funds.
The authority shall manage the funds received pursuant to the
provisions of this article for accounting purposes. The authority
shall cause an audit of its books and accounts to be made at least
once each fiscal year and the cost thereof may be defrayed as
administrative expense under provisions of this article. The audit
shall be conducted by a certified public accountant and provide an
auditor's opinion on the fund financial statements, a report on the
internal controls and a report prepared in compliance with the
provisions of the drinking water treatment revolving fund.