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.
Ala. Code § 41-14A-14
Audit by Examiner of Public Accounts.
Known as the Security for Alabama Funds Enhancement Act
The act spans §§ 41-14A-1 to 41-14A-9 (14 sections).
(Act 2000-748, p. 1669, §1; Act 2013-92, p. 203, §2.)
Official source: Alabama Legislature (ALISON). Reproduced from public-domain Alabama statutes; confirm against the official source for the current text. Not legal advice.