Idaho State Statutes - Idaho Attorney Directory

(1) Immediately upon
receipt, all moneys received by the commission shall be deposited in one (1)
or more separate accounts in the name of the commission in one (1) or more
banks or trust companies approved under chapter 27, title 67, Idaho Code, as
state depositories. The commission shall designate the 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(2) Funds can be withdrawn or paid out of such accounts only upon checks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) 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 council, the state controller, and the division of
financial management, a report showing the annual income and expenses by
standard classification of the commission during the preceding fiscal year.
The report shall also include an estimate of income to the commission for the
current and next fiscal year. From and after January 15, 1999, 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.
(4) All moneys received or expended by the commission shall be audited
every second year, but shall address each year separately, by a certified
public accountant designated by the commission, who shall furnish a copy of
the 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. The right is reserved to the state of Idaho to audit the
funds of the commission at any time.
(5) The expenditures of the commission are expressly exempted from the
provisions of sections 67-2007 and 67-2008, Idaho Code.

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