Indiana Code
Chapter 5. Transborder Water Resources Authority
14-30-5-15. Expenditures; Nonreverting Cumulative Fund; Keeping of Accounts and Records

Sec. 15. (a) The authority may make expenditures only as budgeted. However, the authority may revise the budget at any time to authorize unbudgeted expenditures with the approval of the budget agency.
(b) Any appropriated amounts remaining unexpended or unencumbered at the end of the state fiscal year become part of a nonreverting cumulative fund to be held in the name of the authority. The authority may authorize unbudgeted expenditures from this fund.
(c) The authority is responsible for the safekeeping and deposit of money the authority receives under this chapter. The state board of accounts shall:
(1) prescribe the methods and forms for keeping; and
(2) periodically audit;
the accounts, records, and books of the authority.
(d) The treasurer of the authority may receive, disburse, and handle money belonging to the authority, subject to the following:
(1) Applicable statutes.
(2) Procedures established by the authority.
As added by P.L.142-2017, SEC.1. Amended by P.L.86-2018, SEC.164.

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