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HB 353: "An Act repealing the requirement of an annual audit of the receipts and expenditures applicable to certain property managed under the Horizontal Property Regimes Act." 

00HOUSE BILL NO. 353                                                                                                      
01 "An Act repealing the requirement of an annual audit of the receipts and                                                
02 expenditures applicable to certain property managed under the Horizontal Property                                       
03 Regimes Act."                                                                                                           
04 BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF ALASKA:                                                                
05    * Section 1.  AS 34.07.280(b) is amended to read:                                                                    
06  (b)  All books and records shall be kept in accordance with good accounting                                           
07 procedures [AND SHALL BE AUDITED AT LEAST ONCE A YEAR BY AN                                                             
08 AUDITOR OUTSIDE OF THE ORGANIZATION].