Within 30 days of the beginning of the fiscal year of an authority, the board shall adopt a budget for such fiscal year. Any such budget may be amended by a resolution of the board from time to time and at any time. Within 30 days following the close of each fiscal year the authority shall cause an audit of its books and records to be made for such fiscal year by an independent certified public accountant. Within 90 days following the close of each fiscal year the authority will furnish a copy of such audit to the governing body of the authorizing municipality.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 49A - Public Transportation Service in Class 3 Municipalities.
Section 11-49A-1 - Legislative Findings and Purpose.
Section 11-49A-2 - Definitions.
Section 11-49A-3 - Meaning of "Herein," etc.; Construction of Definitions.
Section 11-49A-4 - Application; Resolution of Denial or Approval by Governing Body.
Section 11-49A-8 - Powers of Authority.
Section 11-49A-9 - Rates for Public Transportation Service.
Section 11-49A-11 - Bonds - Contracts as Security for Payment.
Section 11-49A-12 - Statutory Mortgage Lien; Creation; Filing of Notice.
Section 11-49A-13 - Use of Bond Proceeds.
Section 11-49A-14 - Powers of Localities, Agencies, Etc.
Section 11-49A-15 - Exemption From Taxes, Fees, and Costs.
Section 11-49A-16 - Exemption From Additional Proceedings, Regulation, Etc.
Section 11-49A-17 - Use of Rights-of-Way.
Section 11-49A-18 - Annual Budget; Amendments; Annual Audit.
Section 11-49A-19 - Dissolution of Authority; Apportionment of Property.
Section 11-49A-20 - Incorporation of Additional Authorities in Same County Prohibited.