Indiana Code 16-31.5-10-9. Payment of expenses; annual assessment; annual audit
(b) The commission may accept any and all appropriate revenue sources, donations, and grants of money, equipment, supplies, materials, and services.
Terms Used In Indiana Code 16-31.5-10-9
- commission: means the national administrative body, of which all states that have enacted the compact are members. See Indiana Code 16-31.5-2-5
- member state: means a state that has enacted this compact. See Indiana Code 16-31.5-2-10
- rule: means a written statement by the interstate commission promulgated under Indiana Code 16-31.5-2-15
- state: means any state, commonwealth, district, or territory of the United States. See Indiana Code 16-31.5-2-18
- Year: means a calendar year, unless otherwise expressed. See Indiana Code 1-1-4-5
(d) The commission shall not incur obligations of any kind prior to securing the funds adequate to meet the obligations, nor shall the commission pledge the credit of any of the member states, except by and with the authority of the member state.
(e) The commission shall keep accurate accounts of all receipts and disbursements. The receipts and disbursements of the commission shall be subject to the audit and accounting procedures established under the commission’s bylaws. However, all receipts and disbursements of funds handled by the commission shall be audited yearly by a certified or licensed public accountant, and the report of the audit shall be included in and become a part of the annual report of the commission.
As added by P.L.3-2020, SEC.1.