Indiana § 36-10-11-31 - Handling of funds; audit; contract requirements; surety bonds of employees
Full text of Indiana Indiana Code § 36-10-11-31 — Handling of funds; audit; contract requirements; surety bonds of employees, with citation guidance and answers to common questions.
§ 36-10-11-31. Handling of funds; audit; contract requirements; surety bonds of employees
Sec. 31. (a) Authority funds shall be handled in the same manner as other public funds and shall be audited by the state board of accounts. Contracts let by the authority shall be let in accordance with the general statutes relating to public contracts.
(b) Any employee of the authority authorized to receive or disburse funds or negotiable securities of the authority shall execute a bond payable to the state conditioned upon the faithful performance of the employee's duties and the accounting for all money and property that may come under the employee's control. The cost of the bonds shall be paid out of funds of the authority.
As added by Acts 1982, P.L.218, SEC.5. Amended by P.L.127-2017, SEC.393.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 36-10-11-31
What does Indiana Code § 36-10-11-31 cover?
Section 36-10-11-31 ("Handling of funds; audit; contract requirements; surety bonds of employees") is part of the Indiana Code, the codified statutory law of Indiana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Indiana § 36-10-11-31?
A common citation format is "Indiana Code § 36-10-11-31" (Indiana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Indiana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Indiana official source linked on this page or consult a licensed Indiana attorney.
How does Indiana § 36-10-11-31 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Indiana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Indiana.