(a) The secretary of the board shall keep, or cause to be kept, appropriate records concerning the payment of bonds issued under this chapter and any payment obligations under any agreements entered into in connection with any such bonds, including information regarding items redeemed.
(b) The accounts and records of the authority showing the receipt and disbursement of funds from whatever source derived must be in a form prescribed by governmental generally accepted accounting principles. Such accounts must correspond as nearly as possible to the accounts and records for such matters maintained by enterprises.
(c) The secretary of the board shall maintain an aggregate listing of its current debt in accordance with guidelines approved by the state funding board. At the end of each fiscal year, the authority shall file the listing, and any other information required by the guidelines, with the state funding board. The authority shall file with the state funding board notice of default on any of its debt obligations within five (5) days of the event.