Audits of funds

Each fund established under this chapter shall have an annual audit of its books and accounts performed by a certified public accountant. Such audit shall be conducted in accordance with generally accepted accounting principles. A copy of such audit shall be made available to fund members. 1353 36-85-20 History. — Code 1981, § 36-85-19, enacted by Ga. L. 1986, p. 1496, § 1. 36-85-20. Exercise of authority not provision of liability insurance; sovereign immunity. The exercise by a municipality or county of the authority provided in this chapter shall not constitute the provision of liability insurance protection under Article I, Section II, Paragraph IX of the Constitution of the State of Georgia. The participation by a municipality or county as a member of an agency authorized by this chapter shall not constitute the obtaining of liability insurance and no sovereign immunity shall be waived on account of such participation. History. — Code 1981, § 36-85-20, enacted by Ga. L. 1986, p. 1496, § 1; Ga. L. 1987, p. 1454, § 5.