North Dakota § 15.1-07-12 Negotiable instruments - Disbursement of moneys by business manager

North Dakota Statutes

§ 15.1-07-12 — Negotiable instruments - Disbursement of moneys by business manager

North Dakota § 15.1-07-12

Title 15.1Elementary and Secondary Education

Ch. 15.1-07School Districts

This text of North Dakota § 15.1-07-12 (Negotiable instruments - Disbursement of moneys by business manager) is published on Counsel Stack Legal Research, covering North Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

N.D. Cent. Code § 15.1-07-12 (2026).

Text

1. a. The board of a school district may adopt policies governing the disbursement of school district moneys by the business manager. b. The policies adopted under subdivision a may include:

(1)The authorization, creation, and approval of negotiable instruments;

(2)The use of credit or debit cards;

(3)The payment of invoices;

(4)The use of petty cash;

(5)The use of electronic payments; and

(6)The use of facsimile signatures. c. The policies adopted under subdivision a must include internal controls to safeguard school district moneys. 2. If the board of a school district has not adopted policies to govern the disbursement of school district moneys by the business manager, the business manager may disburse moneys only by issuance of a negotiable instrument upon presentation of a bill

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1. a. The board of a school district may adopt policies governing the disbursement of
school district moneys by the business manager.
b. The policies adopted under subdivision a may include:
(1) The authorization, creation, and approval of negotiable instruments;
(2) The use of credit or debit cards;
(3) The payment of invoices;
(4) The use of petty cash;
(5) The use of electronic payments; and
(6) The use of facsimile signatures.
c. The policies adopted under subdivision a must include internal controls to
safeguard school district moneys.
2. If the board of a school district has not adopted policies to govern the disbursement of
school district moneys by the business manager, the business manager may disburse
moneys only by issuance of a negotiable instrument upon presentation of a bill or
invoice, the payment of which has been authorized by the president of the school
board, and only if there are sufficient moneys available for the disbursement. Upon
issuing a negotiable instrument, the business manager shall make a record of the
instrument.