US Laws, Codes, Statutes & Cases

                                  TITLE  70
                       WATERCOURSES AND PORT DISTRICTS
                                  CHAPTER 17
                 PORT DISTRICTS -- BUDGET AND FISCAL MATTERS
    70-1713.  INCIDENTAL EXPENSE FUND. Each board of port commissioners may
create an incidental expense fund in such amount as the port commission may
direct. Such incidental expense fund may be kept and maintained in a bank or
banks designated by the commission, and each such depository shall be required
to give bonds or securities to the port district for the protection of such
incidental expense fund, in the amount of the fund authorized by the
commission, if not otherwise secured by Federal Deposit Insurance Corporation
insurance coverage. Vouchers may be drawn to reimburse said incidental expense
fund and such vouchers shall be approved by the port commission. Incidental
expenses of the port district may be paid from said incidental expense fund,
without prior approval of the port commission, and all such disbursements
therefrom shall be made by check signed by the port manager or other such
person as the port commission shall direct. All expenditures from said
incidental expense fund shall be itemized in writing to the port commission,
at least once per month at a meeting of the commission. The person disbursing
said funds shall be required to give bond to the port district in the full
authorized amount of said incidental expense fund for the faithful performance
of his duties in connection with the disbursement of moneys therefrom.