The bill amends Section 36-16-11 of the Code of Alabama 1975 to exempt all property used by the Alabama State Port Authority from the state personal property inventory and audit requirements. This change is part of a broader effort to update the existing code language to current style and make conforming changes. The bill also clarifies the categories of property that are exempt from these requirements, including livestock, agricultural products, and property owned or used by public educational institutions and certain fire control equipment.

In addition to the exemption for the Alabama State Port Authority, the bill specifies that hospitals operated by the Alabama Department of Mental Health are also exempt from the inventory and audit requirements. The effective date for this act is set for October 1, 2025. The bill reflects a legislative intent to streamline the auditing process for specific entities while ensuring that necessary public services are not burdened by these requirements.

Statutes affected:
Introduced: 36-16-11
Enrolled: 36-16-11