US Lawyer Database

§ 7-86-119. Surety Bond

Any board member, executive committee member, employee, officer, or any other authorized person of an emergency communications district, who receives public funds, has authority to make expenditures from public funds, or has access to any public funds is hereby required to give bond made payable to the state with such sureties as provided in this […]

§ 7-86-120. Annual Budget and Fiscal Plan

The board of each district shall adopt and operate under an annual budget. The budget shall present a financial plan for the ensuing fiscal year, including at least the following information: Estimates of proposed expenditures for each department, board, office or other agency of the district showing, in addition, the expenditures for corresponding items for […]

§ 7-86-121. Sale of Bonds or Notes — Revenue

Bonds or notes issued pursuant to this part may be sold at either public sale or private negotiated sale. All revenues, including any debt obligation issued for the purpose of a lease/lease purchase, must be expended according to the County Purchasing Law of 1983, compiled in title 5, chapter 14, part 2. For the purposes […]

§ 7-86-123. Financial Report

At every regularly scheduled meeting of the board of directors, the board must be provided with a financial report of the emergency communication district’s activities, in accordance with guidelines developed by the comptroller of the treasury.

§ 7-86-124. Disbursement, Transfer, Withdrawal or Investment of Financial Assets

No member of the board of directors shall have control or custody of the financial assets of an emergency communications district. No member of the board of directors, on such member’s sole authority, may authorize the disbursement, transfer, withdrawal or investment of any financial assets belonging to the emergency communications district.

§ 7-86-125. Comprehensive Travel Regulations for District Officers and Employees

The board of directors of each district shall adopt comprehensive travel regulations applicable to all officers and employees of the district. The minimum regulations shall be the same as those of the appropriate county or municipality that created the district. Nothing in this subsection (a) shall prohibit a district from adopting a more stringent policy. […]

§ 7-86-126. Security of District Funds by Depositories

All funds deposited with a bank or other financial institution shall be secured by collateral in the same manner and under the same conditions as state deposits under title 9, chapter 4, parts 1 and 4, or as provided in a collateral pool created under title 9, chapter 4, part 5.

§ 7-86-117. Exemption From Taxation

The district, and all properties at any time owned by it and the income from the properties and all bonds issued by it and the income from the bonds, shall be exempt from all taxation in the state.