(a) The Secretary of the Department of Parks, Heritage, and Tourism on behalf of the War Memorial Stadium Commission may open accounts in the name of the Department of Parks, Heritage, and Tourism in one (1) or more banks and deposit into those bank accounts all moneys received from the sale of the Department of Parks, Heritage, and Tourism's bonds and from admissions, fees, concessions, rents, and other charges collected for the use of War Memorial Stadium or from any other source.
(b) From the bank accounts, the Department of Parks, Heritage, and Tourism on behalf of the commission may withdraw funds for payment of the following:
(1) Cost of the construction of War Memorial Stadium;
(2) Expenses of the commission's members;
(3) Salaries of a custodian, groundskeepers, and such other personnel as the Department of Parks, Heritage, and Tourism may employ;
(4) Insurance premiums for fire, lightning, and tornado insurance;
(5) Such other items of reasonable expense as, in the opinion of the Department of Parks, Heritage, and Tourism with advice from the commission, may be required to maintain and operate War Memorial Stadium; and
(6) Amounts paid contesting colleges or schools.
(c)
(1) All withdrawals of funds in the bank accounts shall be made by use of voucher-checks, the form of which shall be prescribed by the Secretary of the Department of Finance and Administration.
(2) All voucher-checks so drawn are subject to preaudit by the Secretary of the Department of Finance and Administration.