§ 63H-7a-603 — Financial officer -- Duties.

(1) The executive director shall appoint a financial officer for the Administrative Services Division with the approval of the board.
(2) The financial officer shall be responsible for accounting for the authority, including:
(2)(a) safekeeping and investment of public funds of the authority, including the funds expended from the restricted accounts created in this chapter;
(2)(b) the proper collection, deposit, disbursement, and management of the public funds of the authority in accordance with Title 51, Chapter 7, State Money Management Act;
(2)(c) having authority to sign all bills payable, notes, checks, drafts, warrants, or other negotiable instruments in the absence of the executive director and the executive director's designated employee;
(2)(d) providing to the board and the executive director a statement of the condition of the finances of the authority, at least annually and at such other times as shall be requested by the board; and
(2)(e) performing all other duties incident to the financial officer.
(3) The financial officer shall:
(3)(a) obtain crime insurance in an amount established by the State Money Management Council; and
(3)(b) file written reports with the State Money Management Council pursuant to Section 51-7-15.

Legislative History

Amended by Chapter 76, 2025 General Session