§13083-S.__Annual report

1.__Annual financial report.__The authority shall submit annually to the Governor, the Executive Director of the Legislative Council and the joint standing committee of the Legislature having jurisdiction over housing and economic development matters, not later than 120 days after the close of the authority's fiscal year, a complete report on the activities of the authority. The report may also be provided to any other member of the Legislature and to any other person. The report must include all of the following for the previous year:

A.__A description of the authority's operations;

B.__An accounting of the authority's receipts and expenditures, assets and liabilities at the end of its fiscal year;

C.__A listing of all property transactions pursuant to section 13083-K;

D.__An accounting of all activities of any special utility district formed under section 13083-L;

E.__A listing of any property acquired by eminent domain under section 13083-I;

F.__A listing of any bonds issued during the fiscal year under section 13083-I;

G.__A statement of the authority's proposed and projected activities for the ensuing year; and

H.__Recommendations regarding further actions that may be suitable for achieving the purposes of this article.

Sec. 2. Initial appointments; inform joint standing committee. The Governor shall inform the joint standing committee of the Legislature having jurisdiction over economic development matters, no later than March 15, 2007, of the initial appointments to the Midcoast Regional Redevelopment Authority pursuant to the Maine Revised Statutes, Title 5, section 13083-I, subsection 2.