<?xml version='1.0' encoding='utf-8'?>
<section article="gec" article_name="Economic Development" number="12-1211" title_number="12" title_name="Local Development Authorities and Resources" subtitle_number="12">
  <level label="a">
    <text>The Authority shall establish a system of financial accounting, controls, audits, and reports.</text>
  </level>
  <level label="b">
    <text>The fiscal year of the Authority begins on July 1 and ends on the following June 30.</text>
  </level>
</section>
