73-13-17 - Money received by board to be deposited in special fund; regulation of fund; audit; surety required of executive director and secretary; employees.
§ 73-13-17. Money received by board to be deposited in special fund; regulation of fund; audit; surety required of executive director and secretary; employees.
(1) The board shall keep an account of all monies derived from the operation of Sections 73-13-1 through 73-13-105. All fees and any other monies received by the board shall be deposited in a special fund that is created in the State Treasury and shall be used for the implementation and administration of Sections 73-13-1 through 73-13-105 when appropriated by the Legislature for such purpose. The monies in the special fund shall be subject to all provisions of the state budget laws that are applicable to special fund agencies, and disbursements from the special fund shall be made by the State Treasurer only upon warrants issued by the State Fiscal Officer upon requisitions signed by the executive director of the board and countersigned by the secretary of the board. Any interest earned on this special fund shall be credited by the State Treasurer to the fund and shall not be paid into the State General Fund. Any unexpended monies remaining in the special fund at the end of a fiscal year shall not lapse into the State General Fund. The State Auditor shall audit the financial affairs of the board and the transactions involving the special fund at least once a year in the same manner as for other special fund agencies.
(2) The executive director and the secretary of the board shall give a surety bond satisfactory to the other members of the board, conditioned upon the faithful performance of their duties. The premium on said bond shall be regarded as a proper and necessary expense of the board. When any member of the board or any employee thereof is engaged on business of the board away from the principal office of the board, he shall be entitled to receive expenses as authorized in Section 25-3-41, and members of the board shall be entitled to per diem in an amount not to exceed that authorized in Section 25-3-69, all as approved by the board.
(3) The board shall employ an executive director and may employ such clerical or other assistants as are necessary for the proper performance of its work, and may make expenditures for any purpose which in the opinion of the board are reasonably necessary for the proper performance of its duties under this chapter.
Sources: Codes, 1930, § 4664; 1942, § 8791-09; Laws, 1928, Ex. Sess. ch. 56; Laws, 1954, ch. 321, § 9; reenacted, 1983, ch. 450, § 9; reenacted and amended, 1991, ch. 470, § 9; Laws, 1992, ch. 502, § 4; reenacted without change, Laws, 1999, ch. 416, § 9; reenacted and amended, Laws, 1999, ch. 534, § 9; reenacted without change, Laws, 2004, ch. 586, § 9, eff from and after July 1, 2004.