Section 4-8B-11 - Accounting for federal funds--Auditor-general's procedures acceptable.
4-8B-11. Accounting for federal funds--Auditor-general's procedures acceptable. All expenditures of federal grant funds by state agencies shall be recorded, accounted for, reported and audited in a manner similar to the general funds of the state. The provisions of this section shall not be construed as a requirement for state agencies accounting for federal grant funds in a manner accepted by the state auditor-general to alter the state agencies' methods of administering and accounting for the expenditures of such federal grant funds.
Source: SL 1974, ch 43, § 10.