25-2506. DEPOSIT AND DISBURSEMENT OF FUNDS. Immediately upon receipt, all moneys received by the board shall be deposited in one or more separate accounts in the name of the board in one or more banks or trust companies approved under the provisions of chapter 27, title 67, Idaho Code, as state depositories. The board shall designate such banks or trust companies. All moneys so deposited are hereby appropriated to the Idaho horse board for the purpose of carrying out the provisions of this chapter.
Moneys can be withdrawn or paid out of such accounts only upon checks or other orders upon such accounts signed by two (2) officers designated by the board.
Any assessments or money that may be deposited hereunder with the treasurer of the state of Idaho shall be paid to the board, and the state treasurer shall be reimbursed for the reasonable and necessary expenses incurred.
The right is reserved to the state of Idaho to audit the funds of the board at any time.
History:
[25-2506, added 1987, ch. 214, sec. 1, p. 459; am. 1993, ch. 133, sec. 1, p. 328.]