§31-18D-14. Exemption from certain requirements; audit.
(a) In order to provide the greatest flexibility to entities
receiving funding from the trust fund, the proposals, applications
and requests funded under this article are exempt from the bidding
and public sale requirements, from the approval of contractual
agreements by the department of administration or the attorney
general and from the requirements of chapter five-a of this code.
(b) The trust fund's financial position, activities,
transactions, documents and records are subject to an annual audit
by an independent firm of certified public accountants.