37-104-43 - Withdrawals from Educational Facilities Authority Fund.
§ 37-104-43. Withdrawals from Educational Facilities Authority Fund.
The funds which are transferred from the sale of revenue bonds to the special fund in the State Treasury known as the Educational Facilities Authority Fund may be withdrawn only in the following manner: Said funds shall be paid by the State Treasurer upon warrants issued by the State Auditor of Public Accounts, which warrants shall be issued upon requisition by the Authority, signed by the Governor. All expenditures ordered by the Authority shall be evidenced by complete records maintained by the Authority of said expenditures, and the Authority shall submit a full report of its work and all the transactions carried on by it and a complete statement of all its expenditures at the next regular session of the Legislature.
Sources: Laws, 1985, ch. 480, § 22; reenacted, 1991, ch. 592, § 22; reenacted, 1993, ch. 520, § 22, eff from and after July 1, 1993.