Indiana § 25-33.5-10-11 Commission expenses; annual assessments; accounting and audits

Indiana Statutes

§ 25-33.5-10-11 — Commission expenses; annual assessments; accounting and audits

Indiana·Title 25 PROFESSIONS AND OCCUPATIONS·Art. 33.5 PSYCHOLOGY INTERJURISDICTIONAL·Ch. 10 Establishment of the Psychology Interjurisdictional

(a)The commission shall pay, or provide for the payment of, the reasonable expenses of the commission's establishment, organization, and any ongoing activities.

(b)The commission may accept any appropriate revenue sources, donations, and grants of money, equipment, supplies, materials, and services.

(c)The commission may:

(1)levy on, and collect an annual assessment from, each compact state; or

(2)impose fees on other parties; to cover the cost of the operations and activities of the commission and the commission's staff in an amount that is sufficient to cover the commission's annual budget as approved each year for revenue that is not provided by other sources. The aggregate annual assessment amount shall be allocated based upon a formula determined by the commission and promulgated

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(a) The commission shall pay, or provide
for the payment of, the reasonable expenses of the commission's
establishment, organization, and any ongoing activities.
(b) The commission may accept any appropriate revenue sources,
donations, and grants of money, equipment, supplies, materials, and
services.
(c) The commission may:
(1) levy on, and collect an annual assessment from, each compact
state; or
(2) impose fees on other parties;
to cover the cost of the operations and activities of the commission and
the commission's staff in an amount that is sufficient to cover the
commission's annual budget as approved each year for revenue that is
not provided by other sources. The aggregate annual assessment
amount shall be allocated based upon a formula determined by the
commission and promulgated through a rule binding all the compact
states.
(d) The commission shall not incur any obligations of any kind
before securing adequate funds to meet the obligation. The commission
may not pledge the credit of any of the compact states except by and
with the authority of the compact state.
(e) The commission shall keep accurate accounts of all receipts and
disbursements. The commission's receipts and disbursements shall be
subject to the audit and accounting procedures established under the
commission's bylaws. However, all receipts and disbursements of funds
handled by the commission shall be audited yearly by a certified or
licensed public accountant and the report of the audit shall be included
in, and become part of, the commission's annual report.

Indiana § 25-33.5-10-11 (Commission expenses; annual assessments; accounting and audits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.