39-2905. Commission; powers and duties.
106 words·~1 min read·
/ne/chapter-39/39-2905A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)The commission shall:
(a)Adopt bylaws, policies, and operating procedures that govern the administration of the investment program;
(b)Approve or deny applications for financial assistance based on established evaluation criteria;
(c)Establish financial, risk management, and internal control policies consistent with generally accepted accounting principles; and
(d)Approve annual budgets, audits, and reports for the investment program.
(2)The commission may:
(a)Enter into any cooperative agreement with any federal or state agency, local government, or private entity; and
(b)Delegate any administrative or technical function to any personnel or agent of the commission as necessary to implement the Infrastructure Development Investment Program Act.