Indiana § 36-10-11-31 Handling of funds; audit; contract requirements; surety bonds of
employees

Indiana Statutes

§ 36-10-11-31 — Handling of funds; audit; contract requirements; surety bonds of employees

Indiana·Title 36 LOCAL GOVERNMENT·Art. 10 RECREATION, CULTURE, AND COMMUNITY·Ch. 11 Gary Building Authority

(a)Authority funds shall be handled in the same manner as other public funds and shall be audited by the state board of accounts. Contracts let by the authority shall be let in accordance with the general statutes relating to public contracts.

(b)Any employee of the authority authorized to receive or disburse funds or negotiable securities of the authority shall execute a bond payable to the state conditioned upon the faithful performance of the employee's duties and the accounting for all money and property that may come under the employee's control. The cost of the bonds shall be paid out of funds of the authority. As added by Acts 1982, P.L.218, SEC.5. Amended by P.L.127-2017, SEC.393.

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(a) Authority funds shall be handled in the
same manner as other public funds and shall be audited by the state
board of accounts. Contracts let by the authority shall be let in
accordance with the general statutes relating to public contracts.
(b) Any employee of the authority authorized to receive or disburse
funds or negotiable securities of the authority shall execute a bond
payable to the state conditioned upon the faithful performance of the
employee's duties and the accounting for all money and property that
may come under the employee's control. The cost of the bonds shall be
paid out of funds of the authority.
As added by Acts 1982, P.L.218, SEC.5. Amended by
P.L.127-2017, SEC.393.

Indiana § 36-10-11-31 (Handling of funds; audit; contract requirements; surety bonds of employees) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.