The SAFE Program shall be audited annually by the Examiners of Public Accounts to ensure that collateral is being maintained to secure public deposits in amounts that are consistent with the requirements of this chapter. The Program Enforcement Fund shall also be audited annually by the Examiners of Public Accounts.
Structure Code of Alabama
Chapter 14A - Security for Public Deposits.
Section 41-14A-1 - Short Title.
Section 41-14A-2 - Definitions.
Section 41-14A-3 - Public Deposits to Be Secured; Exemptions.
Section 41-14A-5 - Collateral for Public Deposits; General Provisions.
Section 41-14A-8 - Contingent Liability.
Section 41-14A-9 - Procedures for Payment of Losses.
Section 41-14A-10 - Safe Loss Payment Fund.
Section 41-14A-11 - Liability of Public Depositors and the State.
Section 41-14A-12 - Disposition of Funds.
Section 41-14A-13 - Establishment of Program Enforcement Fund.