The fiscal year of the commission is July 1 to June 30. The board may establish such accounts with banks, trust companies, and other financial institutions as it deems appropriate. Disbursements shall be made only in accordance with a specific authorization by the board or within a general budget approved by the board. There shall be an annual audit of accounts by an independent public accountant.
HISTORY: 1998 Act No. 273, Section 1, eff April 7, 1998.