Individual claims and/or payrolls listing amounts claimed by more than one person which are used as the basis for the payment of money from the State Treasury from any fund shall be approved only by the elected or appointed head of any state department, board, commission, institution or agency, or their designated administrative employees. Provided, the number of persons authorized to make such approval shall not exceed two people for any one state department, board, commission, institution or agency without the special approval of the Director of State Finance, and in no case shall the number of such persons exceed five. All officials and employees authorized to approve claims or payrolls, if not already under bond for such purpose, shall execute a bond payable to the state in the amount required by the Director of State Finance but not to exceed Twenty-five Thousand Dollars ($25,000.00), unless otherwise provided by law, conditioned for the faithful performance of their duties, with some surety company authorized to do business in this state, as surety, which bond shall be approved by the Director of State Finance and filed in the office of the Secretary of State. After state claims and/or payrolls have been approved by the above officials and employees, they shall be filed with the Director of State Finance for auditing and settlement.

Laws 1947, SB 36, p. 380, § 26, emerg. eff. February 25, 1947; Amended by Laws 1968, SB 465, c. 52, § 1 emerg. eff. March 18, 1968; Amended by Laws 1971, SB 305, c. 329, § 1, emerg. eff. June 25, 1971; Amended by Laws 1973, SB 115, c. 46, § 15, emerg. eff. July 1, 1973.