48-6252. General fund; investments
(Conditionally Rpld.)
A. The district shall maintain a general fund and may establish accounts and subaccounts within the general fund as necessary and convenient. All revenues and monies received by the district shall be deposited in the general fund.
B. The district may invest any unexpended monies in the fund as provided in title 35, chapter 2. Interest and other income from investments of monies in any account shall be credited to that account except as otherwise provided by law.
C. The district's investments must mature when the fund assets will be required for the purposes of this chapter. If the liquid assets in the fund become insufficient to meet the district's obligations, the board shall direct the fiscal agent to liquidate sufficient securities to meet all of the current obligations and immediately notify the auditor general of the insufficiency. The auditor general shall investigate and audit the circumstances surrounding the depletion of the fund and report the findings to the board.
Section: Previous 48-6204 48-6205 48-6231 48-6232 48-6233 48-6234 48-6251 48-6252 48-6253 48-6254 48-6255 48-6256 48-6271 48-6272 48-6273 NextLast modified: October 13, 2016