Alabama § 45-49A-82.31
Full text of Alabama Code of Alabama § 45-49A-82.31, with citation guidance and answers to common questions.
§ 45-49A-82.31.
(a) The business owners’ association shall prepare a prospective report for each fiscal year, except the first fiscal year, for which benefit assessments are to be levied and collected to pay the costs of the activities described in the report. The business owners’ association’s first report shall be due 90 days after the first fiscal year of operation of the district.
(b) The report shall be filed with the city council and shall refer to the district by name, specify the fiscal year to which the report applies, and, with respect to that fiscal year, shall contain all of the following information:
(1) The activities and improvements to be provided for that fiscal year.
(2) An estimate of the cost of providing the activities and improvements for that fiscal year.
(3) The estimated amount of any surplus or deficit revenues to be carried over from a previous fiscal year.
(c) The city council may approve the report as filed by the business owners’ association or may make recommendations for approval to the annual report within 45 days of receiving the annual report. The annual report shall be final and approved within 90 days following its submission by the business owners’ association to the city council.
(d) Within 90 days after the close of the business owners’ association’s fiscal year, the business owners’ association shall have an annual audit of its books, accounts, and financial transactions made by a certified public accountant. The business owners’ association’s annual audit must be completed and filed with the city council within 120 days after the close of the business owners’ association’s fiscal year.
Frequently Asked Questions About Alabama § 45-49A-82.31
What does Code of Alabama § 45-49A-82.31 cover?
Section 45-49A-82.31 is part of the Code of Alabama, the codified statutory law of Alabama. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alabama § 45-49A-82.31?
A common citation format is "Code of Alabama § 45-49A-82.31" (Alabama). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alabama law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alabama official source linked on this page or consult a licensed Alabama attorney.
How does Alabama § 45-49A-82.31 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alabama can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alabama.