Under existing law, most departments and agencies of the State of Alabama are required to account for each item of personal property that is valued in excess of five hundred dollars. These inventories are subject to audit on a regular basis by the State Auditor. This bill would exempt the personal property in the use of the Alabama State Port Authority from this audit requirement. This bill would also make other, nonsubstantive changes to the law to accurately reflect current circumstances and would update the existing code language to current style.

Statutes affected:
Introduced: 36-16-11