Public Finance

Public Corporation Financial Integrity and Accountability

SECTION 35-20-3

§ 35-20-3. Corporation responsibilities.

The chairs and chief executive officers of public corporations are responsible for the establishment and maintenance of a system or systems of internal accounting and administrative control within their respective corporations. This responsibility includes documenting the system, communicating system requirements to employees, and assuring that the system is functioning as prescribed and is modified, as appropriate, for changes in conditions.

History of Section.
(P.L. 1995, ch. 86, § 1.)