63E-2-110 - Budgetary and fiscal requirements.
63E-2-110. Budgetary and fiscal requirements.
(1) The board of each independent corporation shall annually adopt a budget.
(2) (a) All monies held in trust by an independent corporation are not public funds, evenif they were public funds before those monies were received by the independent corporation.
(b) The monies of an independent corporation are not required to be held in the custodyof the state treasurer.
Enacted by Chapter 201, 2001 General Session