63H-7a-603. Financial officer -- Duties.

207 words·~1 min read·/ut/title-63h/chapter-7a/63h-7a-603

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Effective 5/7/2025

(1)The executive director shall appoint a financial officer for the Administrative Services Division with the approval of the board.

(2)The financial officer shall be responsible for accounting for the authority, including:

(a)safekeeping and investment of public funds of the authority, including the funds expended from the restricted accounts created in this chapter;

(b)the proper collection, deposit, disbursement, and management of the public funds of the authority in accordance with Title 51, Chapter 7, State Money Management Act ;

(c)having authority to sign all bills payable, notes, checks, drafts, warrants, or other negotiable instruments in the absence of the executive director and the executive director's designated employee;

(d)providing to the board and the executive director a statement of the condition of the finances of the authority, at least annually and at such other times as shall be requested by the board; and

(e)performing all other duties incident to the financial officer.

(3)The financial officer shall:

(a)obtain crime insurance in an amount established by the State Money Management Council; and

(b)file written reports with the State Money Management Council pursuant to Section 51-7-15 .

Amended by Chapter 76 , 2025 General Session