The trustees of the Venture Capital Investment Trust shall publish an annual report within five (5) months after the close of each fiscal year that shall:
(1) Include an annual audit of the Arkansas Risk Capital Matching Fund's activities conducted by the trustees with the assistance of the review committee;
(2) Be presented in writing, and by testimony if requested, to the:
(A) Governor;
(B) House Committee on Agriculture, Forestry, and Economic Development;
(C) Senate Committee on Agriculture, Forestry, and Economic Development;
(D) Arkansas Development Finance Authority; and
(E) Arkansas Economic Development Commission; and
(3) Document and review the progress of the trustees of the trust and the review committee in implementing the investment and financial assistance activities under this subchapter.
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