§7-5-17a. Triennial audits by certain associations and
organizations receiving county funds.
(a) Any voluntary association or other membership
organization, whether nonprofit or for profit, the majority of the
membership of which is comprised of counties of this state or of
persons who hold elected or appointed county offices in this state,
and which annually receives more than five thousand dollars in
public moneys from the various counties of this state to pay the
membership dues of counties or elected or appointed county
officials, shall file with the secretary of tax and revenue on a
triennial basis, beginning the first day of July, one thousand nine
hundred ninety-seven, an audit of the receipt and disbursement of
funds. The period covered by the audit shall be the previous three
years or for the years since the last such audit.
(b) Any audit required by the provisions of this section shall
be performed by an independent certified public accountant.
(c) Any voluntary association or membership organization
subject to the provisions of this section which fails or refuses to
file an audit shall be guilty of a misdemeanor and, upon conviction
thereof, shall be fined not less than one thousand dollars nor more
than five thousand dollars.