41-3716. EXAMINATION OF BOOKS, RECORDS AND ACCOUNTS. (1) The books, records, accounts and affairs of a hospital trust shall be subject to examination by the director, by competent examiners duly authorized by him in writing, at such times or intervals as the director deems advisable. The purposes of the examination shall be to determine compliance of the trust with applicable laws, financial condition and actuarial adequacy of the trust fund, and as to other factors materially related to the trust’s management and operation.
(2) The trustee shall make the books, records and accounts of the trust and trust fund available to the examiner and otherwise facilitate the examination.
(3) The examiner shall conduct the examination expeditiously, make his report of the examination in writing, and deliver a copy thereof to the trustee and the director. The trustee shall have two (2) weeks after receipt of the report within which to recommend to the director such corrections or changes therein as the trustee may deem appropriate. After making such corrections or changes, if any, as he deems proper, the director shall file the report in his office as a document open to public inspection, and deliver to the trustee a copy of the report as so corrected or changed.
(4) At the direction of the director, the costs of the examination shall be borne by the trust fund of the hospital trust in accordance with section 41-228, Idaho Code.
History:
[41-3716, added 1977, ch. 204, sec. 2, p. 563; am. 2001, ch. 85, sec. 10, p. 218.]
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