§ 5 §12022 — Financial policies and procedures

A governing body of an entity:
1.
Consistency with authorizing law.
Shall ensure that all activities and expenditures of the entity are limited to those necessary to accomplish the entity's mission and to carry out the entity's duties consistent with the entity's authorizing law;
2.
Compliance with financial policies and procedures.
Shall ensure that the governing body, management and staff of the entity comply with financial policies and procedures established by the governing body;
3.
Selection of vendors.
Shall adopt by December 31, 2012 and implement by July 1, 2013 written policies and procedures governing the selection of vendors designed to ensure that the entity secures the best value in its procurements. To the extent possible, consistent with the entity's authorizing law, the policies and procedures must:
4.
Contributions.
Shall adopt by December 31, 2012 and implement by July 1, 2013 written policies and procedures governing the use of the entity's resources for contributions. To the extent possible, consistent with the entity's authorizing law, the policies and procedures must:
5.
Travel, meals and entertainment.
Shall adopt by December 31, 2012 and implement by July 1, 2013 written policies and procedures governing the use of the entity's resources to pay costs of travel, meals and entertainment. To the extent possible, consistent with the entity's authorizing law, the policies and procedures must:
6.
Lobbyists.
May not retain any person, other than entity staff, that is required to register as a lobbyist as defined in Title 3, section 312‑A, subsection 10.

Legislative History

PL 2011, c. 616, Pt. A, §1 (NEW).