25-3112. DEPOSIT AND DISBURSEMENT OF FUNDS. (1) Immediately upon receipt, all moneys received by the commission shall be deposited in one or more separate accounts in the name of the commission in one or more banks or trust companies approved under chapter 27, title 67, Idaho Code, as state depositories. The commission shall designate such banks or trust companies. All funds so deposited are hereby continuously appropriated for the purpose of carrying out the provisions of this chapter.
(2) Funds can be withdrawn or paid out of such accounts only upon checks or other orders upon such accounts signed by two (2) officers designated by the commission.
(3) The right is reserved to the state of Idaho to audit the funds of the commission at any time.
(4) Each year, during the legislative session, the commission shall file with the senate agricultural affairs committee, the house agricultural affairs committee, the legislative services office, the state controller, and the division of financial management, a report showing the annual income and expenses by standard classification of the commission during the preceding fiscal year. The report shall also include an estimate of income to the commission for the current and next fiscal year and a projection of anticipated expenses by category for the current and next fiscal year. From and after January 15, 1989, the report shall also include a reconciliation between the estimated income and expenses projected and the actual income and expenses of the preceding fiscal year.
(5) All moneys received or expended by the commission shall be audited annually by a certified public accountant designated by the commission, who shall furnish a copy of such audit to the director of legislative services and to the senate agricultural affairs committee and the house agricultural affairs committee. The audit shall be completed within ninety (90) days following the close of the fiscal year.
(6) The expenditures of the commission are expressly exempted from the provisions of sections 67-2007 and 67-2008, Idaho Code.
History:
[25-3112, added 1988, ch. 193, sec. 2, p. 349; am. 1993, ch. 327, sec. 13, p. 1203; am. 1994, ch. 180, sec. 42, p. 454; am. 1996, ch. 159, sec. 13, p. 516; am. 2003, ch. 32, sec. 16, p. 127; am. 2014, ch. 110, sec. 2, p. 320.]
Structure Idaho Code
Chapter 31 - DAIRY PRODUCTS — MARKETING
Section 25-3101 - PROTECTION OF DAIRY MARKETS — PURPOSE.
Section 25-3102 - DAIRY PRODUCTS COMMISSION — ESTABLISHMENT — MEMBERS.
Section 25-3103 - DEFINITIONS.
Section 25-3104 - REPRESENTATIVE DISTRICTS.
Section 25-3105 - PRODUCER MEMBERS — QUALIFICATIONS — REMOVAL.
Section 25-3106 - PRODUCER MEMBERS — TERM OF OFFICE — APPOINTMENTS.
Section 25-3107 - PRODUCER MEMBERS — NOMINATIONS — ELECTIONS.
Section 25-3109 - COMMISSION CHAIRMAN — DIRECTOR.
Section 25-3111 - POLICIES — DUTIES, AUTHORITIES, AND POWERS.
Section 25-3112 - DEPOSIT AND DISBURSEMENT OF FUNDS.
Section 25-3113 - BONDS OF AGENTS AND EMPLOYEES.
Section 25-3114 - APPOINTMENT OF DIRECTOR — DUTIES — SALARY.
Section 25-3115 - OFFICE FOR DIRECTOR.
Section 25-3116 - LIMIT ON STATE LIABILITY.
Section 25-3118 - PURCHASER’S STATEMENTS.
Section 25-3119 - PERSONS REQUIRED TO PAY TAX.
Section 25-3120 - INSPECTION OF PREMISES AND RECORDS.
Section 25-3121 - VIOLATION OF THIS CHAPTER — MISDEMEANOR — FINES.
Section 25-3122 - REFERENDUM REGARDING CONTINUANCE OF COMMISSION.