1. (1) The executive director shall appoint a financial officer for the Administrative Services Division with the approval of the board.

2. (2) The financial officer shall be responsible for accounting for the authority, including:

   1. (a) safekeeping and investment of public funds of the authority, including the funds expended from the restricted accounts created in this chapter;
   2. (b) the proper collection, deposit, disbursement, and management of the public funds of the authority in accordance with Title 51, Chapter 7, State Money Management Act;
   3. (c) having authority to sign all bills payable, notes, checks, drafts, warrants, or other negotiable instruments in the absence of the executive director and the executive director's designated employee;
   4. (d) providing to the board and the executive director a statement of the condition of the finances of the authority, at least annually and at such other times as shall be requested by the board; and
   5. (e) performing all other duties incident to the financial officer.

3. (3) The financial officer shall:

   1. (a) obtain crime insurance in an amount established by the State Money Management Council; and
   2. (b) file written reports with the State Money Management Council pursuant to Section 51-7-15.

Amended by Chapter 76, 2025 General Session