{"data":{"id":"us-al/ala.-code-11-54b-18","jurisdiction":"us-al","citation":"Ala. Code § 11-54B-18","heading":"Annual Reports and Audits.","body":"(a) Within ninety (90) days after the close of each fiscal year, the district management corporation shall make an annual report of its activities for the preceding fiscal year to the governing body of the municipality.\n(b) Within ninety (90) days after the close of each fiscal year, the district management corporation shall cause an annual audit of its books, accounts, and financial transactions to be made and filed with the governing body of the municipality and for that purpose the corporation shall employ a certified public accountant. The annual audit shall be completed and filed with the governing body within four months after the close of the fiscal year of the corporation and a certified duplicate copy of the audit shall be filed with the mayor and the finance director or other financial control officer of the municipality.","path":["Title 11 Counties and Municipal Corporations.","Title 2 Provisions Applicable to Municipal Corporations Only.","Chapter 54B Self-Help Business Improvement Districts.","Article 1 General Provisions."],"source_url":"https://alison.legislature.state.al.us/code-of-alabama?section=11-54B-18","current_through":"Act 2026-611","vintage":"","retrieved_at":"2026-09-03T14:01:51Z","sha256":"2ec38a492ecb0d6461af5003557a10ad6dffab0ccaf28d25604979671b5c4c30","source_id":"us-al","stale":false,"prev":"us-al/ala.-code-11-54b-17","next":"us-al/ala.-code-11-54b-19"},"notice":"GroundRules: Original legal text. Not legal advice."}