§ 36-9-4-53 — Books, records, and accounts

The books, accounts, records, and
transactions of a public transportation corporation are subject to
examination, audit, and supervision by the state board of accounts to
the same extent as the books, accounts, records, and transactions of
other municipal corporations and their officers and departments.
However, in lieu of the system of accounts prescribed by the state
board of accounts, a public transportation corporation may maintain its
books, accounts, records, and transactions according to the financial
accounting and reporting elements system, known as "Project Fare",
that is established by the federal Urban Mass Transportation
Administration.
[Pre-Local Government Recodification Citation:
19-5-2-31.]
As added by Acts 1981, P.L.309, SEC.77.