The authority shall keep an accurate account of all its activities and of all its receipts and expenditures and shall annually, in the month of January, make a report thereof to its members and to the state auditor, such reports to be in a form prescribed by the state auditor. Also included in the report shall be any recommendations with reference to additional legislation or other action that may be necessary to carry out the purpose of the authority. The state auditor may investigate the affairs of the authority, may severally examine the properties and records of the authority, and may prescribe methods of accounting and the rendering of periodical reports in relation to facilities undertaken by the authority.L. 81: Entire article added, p. 1112, § 1, effective July 1. L. 83: Entire section amended, p. 806, § 6, effective May 25. L. 96: Entire section amended, p. 1239, § 92, effective August 7. L. 99: Entire section amended, p. 851, § 10, effective May 24. For the legislative declaration contained in the 1996 act amending this section, see section 1 of chapter 237, Session Laws of Colorado 1996.