2005 Idaho Code - 22-4010 — DEPOSIT AND DISBURSEMENT OF FUNDS

                                  TITLE  22
                         AGRICULTURE AND HORTICULTURE
                                  CHAPTER 40
                       BARLEY -- PROMOTION OF MARKETING
    22-4010.  DEPOSIT AND DISBURSEMENT OF FUNDS. (1) Immediately upon receipt,
all grants, donations and gifts of funds from any source for expenditure for
any purpose consistent with this chapter which may be specified as a condition
of any grant, donation or gift, and all of the revenues received under the
provisions of section 22-4017, Idaho Code, 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    (2)  Funds can be withdrawn or paid out of such accounts only upon checks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)  On or before January 15 of each year, 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 to the
commission during the preceding fiscal year. The report shall also include an
estimate of income to the commission for the current fiscal year and a
projection of anticipated expenses by category for the current 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
every second year, but shall address every year distinctly, 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.