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North Dakota Century Code Title 15.1. Elementary and Secondary Education § 15.1-07-12. Negotiable instruments--Disbursement of moneys by business manager

Current as of January 01, 2024 | Updated by Findlaw Staff

1. a. The board of a school district may adopt policies governing the disbursement of school district moneys by the business manager.

b. The policies adopted under subdivision a may include:

(1) The authorization, creation, and approval of negotiable instruments;

(2) The use of credit or debit cards;

(3) The payment of invoices;

(4) The use of petty cash;

(5) The use of electronic payments; and

(6) The use of facsimile signatures.

c. The policies adopted under subdivision a must include internal controls to safeguard school district moneys.

2. If the board of a school district has not adopted policies to govern the disbursement of school district moneys by the business manager, the business manager may disburse moneys only by issuance of a negotiable instrument upon presentation of a bill or invoice, the payment of which has been authorized by the president of the school board, and only if there are sufficient moneys available for the disbursement. Upon issuing a negotiable instrument, the business manager shall make a record of the instrument.

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Cite this article: FindLaw.com - North Dakota Century Code Title 15.1. Elementary and Secondary Education § 15.1-07-12. Negotiable instruments--Disbursement of moneys by business manager - last updated January 01, 2024 | https://codes.findlaw.com/nd/title-15-1-elementary-and-secondary-education/nd-cent-code-sect-15-1-07-12/

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