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
Chapter 49A - Mobile County Municipalities.
Part 5 - Public Transit System.
Section 45-49A-64 - Purpose; Legislative Findings.
Section 45-49A-64.01 - Definitions.
Section 45-49A-64.02 - Use of Phrases.
Section 45-49A-64.03 - Filing of Application; Authorization of Incorporation.
Section 45-49A-64.05 - Amendments to Certificate of Incorporation.
Section 45-49A-64.06 - Board of Directors.
Section 45-49A-64.07 - Powers of Authority.
Section 45-49A-64.08 - Rates, Fees, and Charges.
Section 45-49A-64.09 - Bonds of Authority.
Section 45-49A-64.11 - Statutory Mortgage Lien.
Section 45-49A-64.12 - Proceeds From Sale of Bonds.
Section 45-49A-64.13 - Cooperation; Aid From Other Public Bodies.
Section 45-49A-64.14 - Exemption From Taxation.
Section 45-49A-64.16 - Use of Public Roads.
Section 45-49A-64.17 - Annual Budget and Audit.
Section 45-49A-64.19 - Dissolution of Authority and Vesting of Property.
Section 45-49A-64.20 - Employee Protective Provisions.
Section 45-49A-64.21 - Limitation on Eminent Domain.
Section 45-49A-64.22 - Existence of Authority Prevents Subsequent Incorporation.