The contract must provide for:
- (1) Approval of the articles of incorporation of the corporation by the department and for the appointment of the members of the board of directors by the secretary of the department.
- (2) Annual review and certification by the secretary of the department that the corporation is operating in compliance with the terms of the contract, in a manner consistent with the goals of the department, and in the best interests of the state.
- (3) The reversion to the state of all the corporation's assets if the contract is terminated or the corporation is otherwise dissolved.
- (4) The fiscal year of the corporation as beginning on July 1 and ending on June 30 next following in each year.
- (5) Yearly financial and compliance audits for each corporation by the department and the Auditor General.
- (6) The specific purposes for which and the geographic area in which the corporation is authorized to act for the department.
History.--s. 6, ch. 88-271.