- (a) If a district has been identified as being in fiscal distress by June 30 of any year, the annual audit shall be completed and filed with the Department of Education and the Legislative Joint Auditing Committee within six (6) months following the end of each fiscal year.
- (b) The deadline in subsection (a) of this section for districts identified in fiscal distress may be extended up to an additional ninety (90) days if the Legislative Joint Auditing Committee determines that circumstances warrant the extension.