45-2281. Establishment of funds; allocation of authority revenues; member dues A. On the authority’s formation, a grant fund, a water acquisition fund and an operating fund are established. The authority’s revenues shall be deposited in and disbursed from the funds as provided by this section. Revenues deposited in the grant fund may be used to […]
45-2282. Operating budget A. On or before the third Monday of July of each year, the authority shall adopt a budget for the fiscal year that begins on July 1 of that year. The budget shall include: 1. A complete statement of the sources and amount of all revenues received by the authority during the […]
45-2283. Investment of revenues The authority may invest revenues of the authority in securities and deposits with a maximum maturity of three years. All revenues shall be invested in eligible investments. Eligible investments include: 1. Certificates of deposit in eligible depositories as provided in title 35, chapter 2, article 2.1. 2. Interest-bearing savings accounts in […]
