SB 5142 -
By Senator Honeyford
NOT ADOPTED 03/08/2007
On page 2, line 2, after "board." insert "An authority that disburses its own funds must require the board's financial officer, who must be a person other than its executive director, to submit a monthly certified statement to the board setting forth all financial transactions of the authority for the previous thirty days."
EFFECT: Requires an authority that handles its own funds to submit a certified monthly statement of accounting. The statement is prepared by the financial officer, who may not be the executive director.