63E-2-110. Budgetary and fiscal requirements.
- (1) The board of each independent corporation shall annually adopt a budget.
- (2)
- (a) All money held in trust by an independent corporation is not public funds, even if they were public funds before the money was received by the independent corporation.
- (b) The money of an independent corporation is not required to be held in the custody of the state treasurer.
Amended by Chapter 342, 2011 General Session