Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
a statement of the nature and amount of the business transacted by the department during the year;
a statement of the department’s assets and liabilities including a profit and loss account, and other accounts and matters necessary to show the results of operations of the department for the year;
general information on the application of this title in the state; and
any other information requested by the governor.
The department shall submit a copy of a report described in this Subsection (2) to the Legislature.
The department shall maintain insurance against loss on each motor vehicle operated by it on any public highway. A motor vehicle shall be covered for:
liability imposed by law upon the department for damages from bodily injuries suffered by one or more persons by reason of the ownership, maintenance, or use of the motor vehicle; and
liability or loss from damage to or destruction of property of any description, including liability of the department for the resultant loss of use of the property, which results from accident due to the ownership, maintenance, or use of the motor vehicle.
The department may sue, be sued, and defend in a proceeding, in a court of law or otherwise, in the name of the department.
An action may not be taken:
against the commission; or
in the name of a commissioner.
The department is liable to respond in damages in a case if a private corporation under the same circumstances would be liable.