Nebraska § 18-2446 Funds; how expended; report; bonds or insurance policies; required, when

Nebraska Statutes

§ 18-2446 — Funds; how expended; report; bonds or insurance policies; required, when

Nebraska·Ch. 18 Cities and Villages; Laws Applicable to All

(1)Money of the agency shall be paid out or expended only upon the authorization or approval of the board of directors by specific agreement, by a written contract, by a resolution, or by adoption of the budget. All money of the agency shall be paid out or expended only by check, draft, warrant, or other instrument authorized by the agency.

(2)A report of the money of the agency paid out or expended shall be provided to the board of directors at the next regular meeting following such expenditure.

(3)In the event that there is no treasurer's bond that expressly insures the agency against loss resulting from the fraudulent, illegal, negligent, or otherwise wrongful or unauthorized acts or conduct by or on the part of any and every person authorized to sign checks, drafts, warrants, or ot

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(1) Money of the agency shall be paid out or expended only upon the authorization or approval of the board of directors by specific agreement, by a written contract, by a resolution, or by adoption of the budget. All money of the agency shall be paid out or expended only by check, draft, warrant, or other instrument authorized by the agency.
(2) A report of the money of the agency paid out or expended shall be provided to the board of directors at the next regular meeting following such expenditure.
(3) In the event that there is no treasurer's bond that expressly insures the agency against loss resulting from the fraudulent, illegal, negligent, or otherwise wrongful or unauthorized acts or conduct by or on the part of any and every person authorized to sign checks, drafts, warrants, or other instruments authorized by the agency, there shall be bonds or insurance policies which adequately cover such risk.

Nebraska § 18-2446 (Funds; how expended; report; bonds or insurance policies; required, when) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.