Subdivision 1. Bond. Before taking office, the treasurer shall give bond to the district in an amount to be determined by the board.
Subd. 2. Duties. (a) The treasurer shall receive and is responsible for all money of the district. The money of the district shall be considered public funds.
(b) The treasurer shall disburse the funds of the district in accordance with rules of the board.
Subd. 3. Investments. (a) If there are funds not currently needed, the treasurer may invest the funds in treasury bonds, certificates of indebtedness, bonds or notes of the United States of America, or bonds, notes or certificates of indebtedness of the state of Minnesota. The bonds, certificates, or notes must mature by three years from the date of purchase. If the board determines that invested funds are needed for current purposes before the maturity dates of the bonds, certificates, or notes, the board shall notify the treasurer and the treasurer shall order the sale or convert the bonds, certificates, or notes into cash in the amount determined by the board.
(b) The interest and profit on investments shall be credited to and constitute a part of the funds of the district.
Subd. 4. Financial statement. The treasurer shall keep an account of the funds received and disbursed. At least once a year at times designated by the board, the treasurer must file a financial statement with the municipalities forming the district showing in appropriate and identifiable groupings:
(1) the receipts and disbursements since the last approved financial statement;
(2) the money on hand;
(3) the purposes for which the money of the district is appropriated;
(4) an account of all bonds, certificates, or notes purchased and the funds from which they were purchased; and
(5) the interest and profit that has accrued from investments.
Subd. 5. Compensation for clerks. The district may pay to the treasurer compensation to cover hiring clerks to carry out the treasurer's duties.
1990 c 391 art 2 s 51
Structure Minnesota Statutes
Chapter 103B — Water Planning And Project Implementation
Section 103B.001 — Citation; Water Law.
Section 103B.101 — Board Of Water And Soil Resources.
Section 103B.102 — Local Water Management; Accountability And Oversight.
Section 103B.103 — Easement Stewardship Accounts.
Section 103B.151 — Coordinating Water Resource Planning.
Section 103B.155 — State Water And Related Land Resource Plan.
Section 103B.201 — Metropolitan Water Management Program; Purpose.
Section 103B.205 — Definitions.
Section 103B.211 — Joint Powers Watershed Management Organization.
Section 103B.215 — Boundary Change Of Watershed Districts.
Section 103B.221 — Terminating Watershed District.
Section 103B.225 — Boundary Change And Termination; Effect On Benefits And Damages.
Section 103B.227 — Watershed Management Organizations.
Section 103B.231 — Watershed Plans.
Section 103B.235 — Local Water Management Plans.
Section 103B.239 — Rule Review.
Section 103B.245 — Special Tax District; Local Government Unit.
Section 103B.251 — Capital Improvements By Watershed Management Organizations.
Section 103B.252 — Emergency Projects.
Section 103B.253 — County Levy Authority.
Section 103B.255 — Groundwater Plans.
Section 103B.305 — Definitions.
Section 103B.311 — County Water Planning And Management.
Section 103B.312 — Identifying Priority Concerns.
Section 103B.313 — Plan Development.
Section 103B.314 — Contents Of Plan.
Section 103B.315 — Comprehensive Water Plan Review And Adoption.
Section 103B.321 — Duties Of The Board.
Section 103B.325 — Consistency Of Local Plans And Controls With Local Water Management Plan.
Section 103B.331 — Authority Under Approved Local Water Management Plans.
Section 103B.335 — Tax Levy Authority.
Section 103B.3355 — Wetland Functions For Determining Public Values.
Section 103B.3363 — Definitions.
Section 103B.3367 — Water Plan Extensions.
Section 103B.3369 — Local Water Resources Restoration, Protection, And Management Program.
Section 103B.341 — Public Drainage.
Section 103B.345 — Resolving Disputes.
Section 103B.355 — Application.
Section 103B.451 — South Dakota-minnesota Boundary Waters Commission.
Section 103B.501 — Lake Improvement Districts.
Section 103B.505 — Definitions.
Section 103B.511 — Administration By Commissioner.
Section 103B.515 — Initiation And Establishment By County Board.
Section 103B.521 — Initiation By Petition And Establishment By County Board.
Section 103B.525 — Establishing District In More Than One County.
Section 103B.531 — Creation By Commissioner Of Natural Resources.
Section 103B.535 — Order Establishing District.
Section 103B.541 — Publication And Effective Date.
Section 103B.545 — Referendum On Establishment.
Section 103B.551 — Board Of Directors.
Section 103B.561 — Voting By Joint County Boards.
Section 103B.565 — Enforcing Ordinances.
Section 103B.571 — Annual Meeting Of District.
Section 103B.575 — Expanding Lake Improvement District.
Section 103B.581 — Termination.
Section 103B.601 — Definitions.
Section 103B.615 — District Officers.
Section 103B.625 — Executive Director.
Section 103B.631 — Performance Of Duties And Expenses.
Section 103B.635 — District Funding.
Section 103B.641 — District Regulations.
Section 103B.645 — Prosecuting Violations.
Section 103B.651 — Definitions.
Section 103B.665 — District Officers And Employees.
Section 103B.675 — Executive Director.
Section 103B.683 — Prosecuting Violations.
Section 103B.685 — Performance Of Duties And Expenses.
Section 103B.691 — District Funding.
Section 103B.801 — Comprehensive Watershed Management Planning Program.