Accounting classifications; bond funds; general fund

Checkout our iOS App for a better way to browser and research.

45-1974. Accounting classifications; bond funds; general fund

A. The secretary-treasurer of the authority shall establish appropriate accounting classifications and designations in the authority accounting records to provide for accurate and systematic control and allotment of all monies received.

B. The secretary-treasurer shall maintain a bond fund and a general fund of the authority and shall apportion all monies received into the fund corresponding with the purpose for which the monies were received. The secretary-treasurer may invest inactive monies from either the general fund or the bond fund and shall credit income earned on the investments to the respective fund.


Download our app to see the most-to-date content.