§ 16-22-7-40 — Audit of funds; bond of officers and employees

The state board of accounts may supervise
and audit the funds of the authority. Any officer or employee of the
authority authorized to receive or disburse funds or negotiable
securities of the authority shall execute a bond of a surety or guaranty
corporation qualified to do business in Indiana and payable to the state
in an amount determined by the board. The bond must be conditioned
upon the faithful performance of the officer's or employee's duties and
the accounting for all money and property under the officer's or
employee's control. The cost of bonds shall be paid by the authority.
The records of the authority are public records.
[Pre-1993 Recodification Citation: 16-12-20.5-25.]

Legislative History

As added by P.L.2-1993, SEC.5.