Indiana § 36-9-13-38 - Handling of funds; employees' bonds
Full text of Indiana Indiana Code § 36-9-13-38 — Handling of funds; employees' bonds, with citation guidance and answers to common questions.
§ 36-9-13-38. Handling of funds; employees' bonds
Sec. 38. (a) Except as otherwise provided in this chapter, all money coming into possession of the building authority shall be deposited, held, and secured in accordance with the general statutes concerning the handling of public funds. The handling and expenditure of money coming into possession of the authority is subject to audit and supervision by the state board of accounts.
(b) Any employee of the building authority authorized to receive, disburse, or in any other way handle money or negotiable securities of the authority shall execute a bond payable to the state, with surety to consist of a surety or guaranty corporation qualified to do business in Indiana. The bond must be in an amount determined by the board of directors of the authority and must be conditioned upon the faithful performance of the employee's duties and the accounting for all money and property that may come into the employee's hands or under the employee's control. The cost of the bond shall be paid by the authority.
[Pre-Local Government Recodification Citation: 19-8-4-26 part.]
As added by Acts 1981, P.L.309, SEC.86. Amended by P.L.127-2017, SEC.311.
Source: official Indiana text · Last verified 2026-08-27
Frequently Asked Questions About Indiana § 36-9-13-38
What does Indiana Code § 36-9-13-38 cover?
Section 36-9-13-38 ("Handling of funds; employees' bonds") 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 § 36-9-13-38?
A common citation format is "Indiana Code § 36-9-13-38" (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 § 36-9-13-38 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.