257B.11 - SCHOOL FUND ACCOUNTS -- AUDIT OF LOSSES.
257B.11 SCHOOL FUND ACCOUNTS -- AUDIT OF LOSSES.
The director of the department of administrative services shall
keep the permanent school fund accounts in books provided for that
purpose, separate and distinct from the revenue books. The auditor
of state shall audit losses to the permanent school or university
fund caused by defalcation, mismanagement, or fraud. The auditor of
state shall adopt rules pursuant to chapter 17A as necessary to
ascertain the losses. Section History: Early Form
[R60, § 1969; C73, § 1842; C97, § 2847; C24, 27, 31, 35, 39, §
4479; C46, 50, 54, 58, 62, 66, 71, 73, 75, 77, 79, 81, § 302.11]
Section History: Recent Form
83 Acts, ch 185, § 14, 62; 92 Acts, ch 1156, §12
C93, § 257B.11
94 Acts, ch 1023, §45; 2003 Acts, ch 145, §286