Indiana Code
Chapter 11. Gary Building Authority
36-10-11-36. Board of Managers; Controller and Assistant Controller; Duties

Sec. 36. (a) The fiscal officer of the lessee governmental entity shall act as controller of the board of managers and is responsible for proper safeguarding and accounting. The controller shall, with the approval of the board of managers, appoint an assistant to act as auditor for the board of managers.
(b) The assistant is the official custodian of all books of account and other financial records of the board of managers and has the other powers and duties that are delegated by the controller and the lesser powers and duties that the board of managers prescribes. The assistant, and any other employee or member of the board of managers authorized to receive, collect, or expend money, shall give bond for the faithful performance and discharge of all duties required of the assistant, employee, or board member in an amount and with surety and other conditions that are prescribed and approved by the board of managers.
(c) The assistant shall keep an accurate account of:
(1) all money due a building and the board of managers; and
(2) all money received, invested, and disbursed;
in accordance with generally recognized governmental accounting principles and procedures. All accounting forms and records shall be prescribed or approved by the state board of accounts. The assistant shall issue all warrants for the payment of money from the funds of the board of managers in accordance with procedures prescribed by the board of managers, but a warrant may not be issued for the payment of any claim until an itemized and verified statement of the claim has been filed with the controller, who may require evidence that all amounts claimed are justly due. All warrants shall be countersigned by the controller or financial officer or by the executive manager. Payroll and similar warrants may be executed with facsimile signatures.
(d) If the board of managers or the lessee governmental entity has entered into any agreement to lease building facilities from the authority, the controller shall pay the lease rental to the authority within a reasonable period before the date on which principal or interest on any bonds outstanding issued under this chapter becomes due. The assistant shall submit to the board of managers at least annually a report of the assistant's accounts exhibiting the revenues, receipts, and disbursements and the sources from which the revenues and receipts were derived and the purpose and manner in which the disbursements were made. The board of managers may require that the report be prepared by a designated, independent certified public accountant. Handling and expenditure of funds is subject to audit and supervision by the state board of accounts.
As added by Acts 1982, P.L.218, SEC.5. Amended by P.L.178-2002, SEC.140; P.L.127-2017, SEC.394.

Structure Indiana Code

Indiana Code

Title 36. Local Government

Article 10. Recreation, Culture, and Community Facilities

Chapter 11. Gary Building Authority

36-10-11-1. Application of Chapter

36-10-11-2. Definitions

36-10-11-3. Creation; Procedure; Issuance of General Obligation Bonds by City for Construction of Civic Center Prohibited

36-10-11-4. Trustees; Appointment; Terms; Vacancies; Oath

36-10-11-5. Trustees; Removal; Procedure

36-10-11-6. Trustees; Meetings; Selection of Directors and Officers

36-10-11-7. Trustees; Rules; Reimbursement of Expenses

36-10-11-8. Trustees; Conflicts of Interest

36-10-11-9. Trustees; Appointment of Board of Directors; Qualifications; Tenure; Conflicts of Interest

36-10-11-10. Board of Directors; Meetings; Officers; Bylaws; Quorum; Approval of Actions

36-10-11-11. Preliminary Expenses; Payment; Reimbursement

36-10-11-12. Board of Directors; Powers

36-10-11-13. Lease to Governmental Entity of Property Controlled by Authority; Sublease; Term; Renewal

36-10-11-14. Lease; Option to Purchase

36-10-11-15. Lease; Notice and Hearing; Authorization of Execution

36-10-11-16. Lease; Execution; Notice; Limitation on Annual Rental; Approval by Department of Local Government Finance; Transfer of Net Revenue

36-10-11-17. Lease; Objections; Petition; Certification to Department of Local Government Finance; Hearing; Determination

36-10-11-18. Lease; Actions to Contest Validity or Enjoin Performance; Limitation

36-10-11-19. Sale or Lease of Land by Governmental Entity to Authority

36-10-11-20. Revenue Bonds; Issuance; Resolution

36-10-11-21. Bonds; Execution and Sale

36-10-11-22. Loans; Procedure

36-10-11-23. Application of Bond and Loan Proceeds; Lien

36-10-11-24. Bonds or Loans; Trust Indenture

36-10-11-25. Refunding Revenue Bonds; Issuance

36-10-11-26. Refunding Bonds; Application of Proceeds

36-10-11-27. Refunding Bonds; Authority to Amend Lease

36-10-11-28. Refunding Bonds; Redemption

36-10-11-29. Governmental Entity; Tax Levy to Pay Lease Rental

36-10-11-30. Tax Exemption

36-10-11-31. Handling of Funds; Audit; Contract Requirements; Surety Bonds of Employees

36-10-11-32. Civil Actions Against Authority; Venue

36-10-11-33. Civic Center Board of Managers; Creation; Organization

36-10-11-34. Board of Managers; Powers

36-10-11-35. Board of Managers; Preparation and Review of Annual Budget; Approval of Expenditures

36-10-11-36. Board of Managers; Controller and Assistant Controller; Duties

36-10-11-37. Board of Managers; Conflicts of Interest