Section 41-5A-12.2 - Audit or examination of nonprofit corporations providing water service to the public(a) After the effective date of the act adding this amendatory language, beginning after the close of the then current fiscal year, any nonprofit corporation organized under the laws of this state as a nonprofit corporation that is not incorporated pursuant to Title 11, which provides water service to its members or the public, may be audited or examined one time by the Department of Examiners of Public Accounts in the same manner as provided in Chapter 5A of Title 41. The department may charge a reasonable fee for the audits.(b) After the effective date of the act adding this amendatory language, beginning after the close of the then current fiscal year, any nonprofit corporation that is not incorporated pursuant to Title 11, which provides water service to its members or the public, may be audited or examined one time in addition to the audit provided in subsection (a) by the Department of Examiners of Public Accounts in the same manner as provided in Chapter 5A of Title 41, if the department suspects fraud or mismanagement of funds by the nonprofit corporation. The department may charge a reasonable fee for the audits or examinations.(c) This section does not apply to or affect any public water supply system, waterworks plant, or water distribution system owned or operated by a municipality or county, or by a public corporation, board, or other entity organized, created, or incorporated pursuant to Title 11.Ala. Code § 41-5A-12.2 (1975)
Amended by Act 2023-465,§ 1, eff. 6/14/2023.Added by Act 2022-378,§ 1, eff. 4/14/2022.