CHAPTER 12. PUBLIC MONEYS AND SECURITIES.

§12-7-14. Exemption from certain requirements; audit.

In order to provide excellent investment opportunities and to effectively implement the new millennium fund, the investment activity and the new millennium fund activity provided by this article shall be exempt from the bidding and public sale requirements, from the approval of contractual agreements by the department of finance and administration or the attorney general and from the requirements of chapter five-a of this code. The transactions provided by this article shall be subject to an annual audit by an independent firm of certified public accountants.

§12-7-14. Exemption from certain requirements; audit.

Bills Affecting §12-7-14

2001 Regular Session: HB2779
2001 Regular Session: SB404
2014 Regular Session: HB4526