Within 30 days of the beginning of the fiscal year of an authority, the board shall adopt a budget for the fiscal year. The budget may be amended by a resolution of the board 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 the fiscal year by an independent certified public accountant. Within 90 days following the close of each fiscal year, the authority shall furnish a copy of the report of the audit to the governing bodies of the authorizing county, the principal municipality, and each participating municipality.
Structure Code of Alabama
Title 11 - Counties and Municipal Corporations.
Title 2 - Provisions Applicable to Municipal Corporations Only.
Chapter 49B - Public Transportation Service in Class I Municipalities
Section 11-49B-1 - Declaration of Purpose and Legislative Findings.
Section 11-49B-2 - Definitions.
Section 11-49B-4 - Procedure to Incorporate Contents and Execution of Certificate of Incorporation.
Section 11-49B-5 - Amendments to Certificate of Incorporation.
Section 11-49B-6 - Board of Directors.
Section 11-49B-7 - Powers of Authority.
Section 11-49B-8 - Rates and Charges.
Section 11-49B-9 - Bonds of Authority.
Section 11-49B-10 - Contracts to Secure Bonds and Assumed Obligations.
Section 11-49B-11 - Statutory Mortgage Lien.
Section 11-49B-12 - Proceeds From Sale of Bonds.
Section 11-49B-13 - Cooperation; Aid From Other Public Bodies.
Section 11-49B-14 - Exemption From Taxation.
Section 11-49B-16 - Use of Public Roads.
Section 11-49B-17 - Annual Budgets and Audits Required.
Section 11-49B-18 - Civil Service of Merit Systems Not Applicable.
Section 11-49B-19 - Dissolution of Authority and Vesting of Property.
Section 11-49B-20 - Employee Protective Provisions.
Section 11-49B-21 - Existence of an Authority Prevents Incorporation of Another by the Same County.