Indiana § 25-43-8-6 Commission expenses; annual assessments; accounting and audits

Indiana Statutes

§ 25-43-8-6 — Commission expenses; annual assessments; accounting and audits

Indiana·Title 25 PROFESSIONS AND OCCUPATIONS·Art. 43 OCCUPATIONAL THERAPY LICENSURE·Ch. 8 Establishment of the Occupational Therapy Compact

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

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

(c)The commission may levy on and collect an annual assessment from each member state or impose fees on other parties to cover the cost of the operations and activities of the commission and its staff, which must be in a total amount sufficient to cover its annual budget as approved by the commission each year for which revenue is not provided by other sources. The aggregate annual assessment amount shall be allocated based upon a formula to be determined by the commission, which shall promulgate a r

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(a) The commission shall pay, or provide for
the payment of, the reasonable expenses of its establishment,
organization, and ongoing activities.
(b) The commission may accept any and all appropriate revenue
sources, donations, and grants of money, equipment, supplies,
materials, and services.
(c) The commission may levy on and collect an annual assessment
from each member state or impose fees on other parties to cover the
cost of the operations and activities of the commission and its staff,
which must be in a total amount sufficient to cover its annual budget
as approved by the commission each year for which revenue is not
provided by other sources. The aggregate annual assessment amount
shall be allocated based upon a formula to be determined by the
commission, which shall promulgate a rule binding upon all member
states.
(d) The commission shall not incur obligations of any kind prior to
securing the funds adequate to meet the same; nor shall the commission
pledge the credit of any of the member states, except by and with the
authority of the member state.
(e) The commission shall keep accurate accounts of all receipts and
disbursements. The receipts and disbursements of the commission shall
be subject to the audit and accounting procedures established under its
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 annual report of the commission.

Indiana § 25-43-8-6 (Commission expenses; annual assessments; accounting and audits) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.