Section 41-9-717 Fiscal records; annual audit; bond of certain members, etc., required. - Alabama Statutes

Section 41-9-717

Fiscal records; annual audit; bond of certain members, etc., required.

(a) Fiscal records shall be kept by the executive director or his/her designee, and will be subject to annual audit by the state examiner of public accounts. The audit report will become a part of the annual report.

(b) Commission members or employees of the commission who are responsible for receiving and disbursing commission funds shall be bonded in an amount satisfactory to the commission, but not less than $50,000.00.

(Acts 1984, No. 84-257, p. 423, §10.)