Section 35A-8-508 - Annual accounting(1) The executive director shall monitor the activities of recipients of grants and loans issued under this part on a yearly basis to ensure compliance with the terms and conditions imposed on the recipient by the executive director with the approval of the board or by this part.(2) Beginning July 1, 2021, an entity that receives any money from the fund under this part shall provide the executive director with an annual accounting of how the money the entity received from the fund has been spent.(3) The executive director shall make an annual report to the board accounting for the expenditures authorized by the board.(4) The board shall submit a report to the department for inclusion in the annual written report described in Section 35A-1-109: (a) accounting for expenditures authorized by the board; and(b) evaluating the effectiveness of the program.Amended by Chapter 406, 2022 General Session ,§ 24, eff. 6/1/2022.Amended by Chapter 371, 2014 General Session ,§ 15, eff. 5/13/2014.Renumbered from 9-4-708 and amended by Chapter 212, 2012 General Session ,§ 78, eff. 7/1/2012.Amended by Chapter 246, 2012 General Session ,§ 1, eff. 5/8/2012.Amended by Chapter 342, 2011 General Session