1. (a) The commission shall do the following:

   1. (1) Prepare and adopt by majority vote an annual budget.
   2. (2) Submit the budget to each county, municipality, or agency appropriating money for the use of the commission.
2. (b) After approval of the budget by the commission, money may be expended only as budgeted unless a majority vote of the commission authorizes other expenditure.
3. (c) Any appropriated amounts remaining unexpended or unencumbered at the end of the year become part of a nonreverting cumulative fund to be held in the name of the commission. The commission may authorize unbudgeted expenditures from this fund by a majority vote of the commission.

4. (d) The commission is responsible for the safekeeping and deposit of money the commission receives under this chapter. The state board of accounts shall:

   1. (1) prescribe the methods and forms for keeping; and

   2. (2) periodically audit;

      the accounts, records, and books of the commission.

5. (e) The treasurer of the commission may receive, disburse, and handle money belonging to the commission, subject to the following:

   1. (1) Applicable statutes.
   2. (2) Procedures established by the commission.

As added by P.L.282-2019, SEC.8.