SB 535-2_ Filed 02/21/2013, 09:21 Smith J
that Senate Bill 535 be amended to read as follows:
SOURCE: Page 4, line 6; (13)MO053506.4. -->
Page 4, between lines 6 and 7, begin a new paragraph and insert:
" (i) The board must at all times maintain liability insurance
coverage for the authority that provides general liability coverage
in an amount determined sufficient by the board.
(j) The board must issue for each year an annual report that
includes at least the following:
(1) The reports submitted to the board under section 21 of this
chapter by the treasurer of the authority for the year.
(2) An audited balance sheet, an audited cash flow statement,
and an audited income statement for the year.
(3) Minutes of each meeting of the board held during the year.
(4) A report of any pending or potential litigation involving
the authority or the board, including a discussion of potential
loss resulting from the pending or potential litigation.
Page 4, line 7, delete "(i)" and insert " (k)
(Reference is to SB 535 as printed February 19, 2013.)
Senator SMITH J