Indiana Code 16-22-6-35. Audit of funds; officer and employee bonds; records
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Terms Used In Indiana Code 16-22-6-35
- authority: means the hospital association created by section 2 of this chapter. See Indiana Code 16-22-6-1
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property: includes personal and real property. See Indiana Code 1-1-4-5
Sec. 35. The state board of accounts may supervise and audit the funds of the authority. An officer or employee of the authority authorized to receive, disburse, or in any way handle funds or negotiable securities of the authority shall execute a bond payable to the state, with surety to consist of a surety or guaranty corporation qualified to do business in Indiana, in an amount determined by the board. The bond must be conditioned upon the faithful performance of the officer’s or employee’s duties and the accounting for all money and property that may come under the officer’s or employee’s control. The cost of the bonds shall be paid out of funds of the authority. The records of the authority are public records.
[Pre-1993 Recodification Citation: 16-12-20-23.]
As added by P.L.2-1993, SEC.5.