A. Each authorized issuer and each institution within The Oklahoma State System of Higher Education that receives proceeds from the sale of any obligations issued pursuant to the authority of this act shall issue financial statements audited by an independent certified public accountant according to the following schedule:
- 1. For the period ending June 30, 2006, within one hundred twenty (120) days after the close of the fiscal year;
- 2. For the period ending June 30, 2007, within one hundred five (105) days after the close of the fiscal year; and
- 3. For the period ending June 30, 2008, and for each fiscal year thereafter, within ninety (90) days after the close of the fiscal year.
- B. Within thirty (30) days after completion of the audited financial statements pursuant to subsection A of this section, each institution shall cause the audited financial statement or a summary thereof to be published in a newspaper of general circulation within the county in which the institution is located at least once for two (2) consecutive weeks.
Laws 2005, HB 1191, c. 2, § 10, emerg. eff. March 31, 2005.