SEC. 65-1-115. System of accounting.
The Department of Finance and Administration, in cooperation with the commission or its comptroller, shall formulate and prescribe a uniform system of accounting for all monies expended by the Mississippi Transportation Commission. The commission shall have prepared and issued all necessary forms, rules, and regulations for the installation and operation of said system of accounting, and it shall be the duty of the Transportation Commission, acting through its Executive Director, in allowing any account to request, by requisition the Department of Finance and Administration, that a warrant be issued therefor. * * * The commission shall provide proper books covering requisitions to be drawn from the state highway fund. In the event any highway bonds or notes are issued, additional books covering a "bond and interest sinking fund" and "note fund" shall likewise be provided. * * *
SOURCES: Codes, 1930, Sec. 5012; 1942, Sec. 8044; Laws, 1930, ch. 47; 1948, ch. 332, Sec. 21; 1966, ch. 485, Sec. 3, eff from and after passage (approved February 3, 1966). Amended by Laws 2000, Ch. 447, Sec. 2, HB1419, eff. from and after passage (approved April 18, 2000).
PREVIOUS VERSIONS: Pre-2000