Each fund established under this chapter shall have an annual audit of its books and accounts performed by a certified public accountant. Such audit shall be conducted in accordance with generally accepted accounting principles or statutory accounting principles. A copy of such audit shall be made available to fund members.
History. Code 1981, § 36-85-19 , enacted by Ga. L. 1986, p. 1496, § 1; Ga. L. 2022, p. 301, § 1/HB 1195.
The 2022 amendment, effective May 2, 2022, added “or statutory accounting principles” at the end of the second sentence.
Structure Georgia Code
Chapter 85 - Interlocal Risk Management Agencies
§ 36-85-4. Agency Not an Insurer
§ 36-85-5. Certificate of Authority; Application
§ 36-85-6. Approval of Certificate; Renewal
§ 36-85-7. Funds to Be Maintained
§ 36-85-8. Investment of Assets
§ 36-85-9. Local Government Liability for Funds
§ 36-85-10. Contracts Between Agency and Administrator
§ 36-85-13. Exemption From State and Local Taxes and Fees
§ 36-85-14. Periodic Examinations
§ 36-85-15. Fund Deficiencies; Assessments Upon Members; Liquidation of Fund
§ 36-85-16. Rules and Regulations
§ 36-85-18. Excess Loss Funding Program Required
§ 36-85-20. Exercise of Authority Not Provision of Liability Insurance; Sovereign Immunity