The research foundation shall submit to the board of trustees an audited report of its activities for the preceding fiscal year. The report shall set forth a complete operating and financial statement covering the research foundation operations during the preceding fiscal year. The research foundation shall cause an independent audit of its books and accounts to be made at least once each fiscal year. History of Section.P.L. 2007, ch. 232, § 1; P.L. 2019, ch. 88, art. 9, § 4.
Rhode Island Legal Code