(a) The Authority, upon taking office and annually thereafter, shall prepare and submit to the Governor, General Assembly, and State Superintendent a report that includes the audited financial statement for the preceding fiscal year, an approved financial plan, and a statement of the major steps necessary to accomplish the objectives of the financial plan.
     (b) Annual reports shall be submitted on or before March 1 of each year.

Terms Used In Illinois Compiled Statutes 105 ILCS 5/1E-130


     (c) The requirement for reporting to the General Assembly shall be satisfied by filing copies of the report as provided in § 3.1 of the General Assembly Organization Act and by filing additional copies with the State Government Report Distribution Center for the General Assembly as required under subdivision (t) of Section 7 of the State Library Act.