(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.
(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.
(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.
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