The Arizona Revised Statutes have been updated to include the revised sections from the 56th Legislature, 1st Regular Session. Please note that the next update of this compilation will not take place until after the conclusion of the 56th Legislature, 2nd Regular Session, which convenes in January 2024.
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This online version of the Arizona Revised Statutes is primarily maintained for legislative drafting purposes and reflects the version of law that is effective on January 1st of the year following the most recent legislative session. The official version of the Arizona Revised Statutes is published by Thomson Reuters.
The operating agreement entered into pursuant to this chapter shall require:
1. The board of directors to cause an audit to be made of the funds, revenues and expenditures of the nonprofit corporation. The audit shall be conducted within sixty days after the close of the corporation's fiscal year.
2. The nonprofit corporation to prepare and publish an annual report within three months after the end of the corporation's fiscal year containing a full and complete account of its transactions and proceedings for the preceding year and other facts and recommendations that are considered to be of public value. The annual report may also include a copy of the audit under paragraph 1.
3. The corporation to provide copies of the annual report and audit to each member of the sponsoring county's board of supervisors, to the auditor general and, on request, to any member of the public.