Section 504 – Uniform accounting system.

Effective 5/12/2015
11-13-504. Uniform accounting system.
An interlocal entity shall:

• (1) establish and maintain the interlocal entity’s accounting records, and financial statements prepared from those records, as required by generally accepted accounting principles; and

• (2) adopt and implement internal accounting controls in light of the needs and resources of the interlocal entity.

Enacted by Chapter 265, 2015 General Session