30-201. Administrative and operation budgets A. The authority shall on or before September 30 each year adopt an administrative budget for the next succeeding fiscal year. The budget shall consist of an estimate of the expenditures that may be necessary to meet administrative requirements of the authority for the ensuing fiscal year. Economies resulting in […]
30-202. Appropriated and operation funds defined; debt reserve fund; application of general fiscal laws A. Any funds made available to the authority by legislative appropriation shall be classified " appropriated funds." All other funds derived from operations or otherwise acquired or accruing to the authority shall be classified " operation funds." Appropriate classifications and designations […]
30-203. Receipt of monies; disbursements; operation of accounting system; annual audit A. Monies due the authority under agreements for the sale of electric power or other service, proceeds of revenue bond issues or any other obligations may be made payable at the office of the authority. All monies derived from operations of the authority of […]
30-204. Audit of operation funds and collateral deposits A. At the authority’s request, a district and state agencies authorized to issue revenue bonds subject to approval of the state certification board shall cause an audit to be made of their respective operation funds. Districts, state agencies and municipalities pledging any assessments, funds or property presently […]
