Stats. 1911, p. 591. 3. Re-enacted by Stats. 1911, p. 594. See ante, tit. "Legislation Article XVIII.” § 676. Investment of school funds. Whenever and as often as there is in the state treasury the sum of ten thousand dollars as the proceeds of the sale of state school lands, the board must invest the same in the bonds of this state, or in the bonds of the United States, or in the bonds of any county, permanent road district, city and county, city, town, school district, or irrigation district within this state; the investment to be made in such manner and on such terms as the board shall deem best for the fund. All such bonds purchased by the board under the provisions of this section must be delivered to the state treasurer, who shall keep them as a special school fund deposit, and the interest upon such bonds when collected, shall be placed by him to the credit of the state school fund. [Amendment approved 1913; Stats. 1913, p. 107.] Legislation § 676. 1. Enacted March 12, 1872; based on Stats. 1858, p. 212, § 2, as amended by Stats. 1867-68, p. 296, § 1. 2. Repealed by Stats. 1911, p. 591. 3. Re-enacted by Stats. 1911, p. 594. 4. Amended by Stats. 1913, p. 107. See ante tit. "Legislation Article XVIII." § 677. Money in estates of deceased persons' fund to be invested in bonds. Bonds delivered to treasurer. Whenever and as often as there is in the state treasury to the credit of the estates of deceased persons' fund (in excess of the retention hereinafter provided for) the sum of ten thousand dollars or more, the board must invest the same in the bonds of this state, or in the bonds of the United States, or in the bonds of the several counties, city and county, permanent road districts, cities and towns, or school districts of this state; the investments to be made in such manner and on such terms as the board shall deem best for the fund. No investment shall be made which with the amounts previously invested shall reduce the uninvested portion of the fund below the amount of ten thousand dollars, and whenever a demand presented against said fund will reduce the amount of cash therein below the specific amount of ten thousand dollars, it shall be the duty of the board to sell such bonds belonging to said fund as they may deem proper, for the purpose of making good the cash retention of ten thousand dollars. Bonds purchased by the board under the provisions of this section must be delivered to the state treasurer, who shall keep them as a portion of said estates of deceased persons' fund, and the interest upon such bonds shall be paid into the state school fund and apportioned like other moneys employed for the support of common schools. Legislation § 677. 1. Enacted March 12, 1872; based on Stats. 1858, p. 212, § 3. 2. Repealed by Stats. 1911, p. 591. 3. Re-enacted by Stats. 1911, p. 595. See ante tit. "Legislation Article XVIII.” § 678. City, county and district authorities to notify board and treasurer of bonds for sale. Whenever under the provisions of law the board of supervisors, trustees, common council, or other governing boards or bodies of any county, city or county, city or town, or school district of this state shall advertise the sale of bonds voted for any purpose, the clerk of such board, trustees, common council, or other governing board or body shall forthwith, by mail, postage prepaid, notify the state board of control and state treasurer, at the capitol, of such issuance and sale of bonds, and shall specify the purposes for which such bonds were voted, the amount of the total issue for each purpose, the denomination of each bond showing date of issuance and date of maturity, the rate of interest showing when and where payable, the assessed value of the property upon which such bonds are a lien and the total amount of other bonded indebtedness which is a lien upon said property. Legislation § 678. 1. Enacted March 12, 1872; based on Stats. 1858, p. 212, § 4. 2. Repealed by Stats. 1911, p. 591. 3. Re-enacted by Stats. 1911, p. 595. See ante tit. "Legislation Article XVIII." At any § 679. Board may purchase bonds to be sold by treasurer. sale of bonds by the state treasurer the board may become bidders and purchase bonds with the funds at their disposal, and the appropriate transfer of funds must be made by the controller and treasurer on the books of their offices. No purchase of bonds shall be completed by the board until the attorney-general shall have approved the validity of the issue. Legislation § 679. 1. Enacted March 12, 1872. 2. Repealed by Stats. 1911, p. 591. 3. Re-enacted by Stats. 1911, p. 595. See ante tit. "Legislation Article XVIII." § 680. Creation of deficiencies. The board, with the consent of the governor, shall have power to authorize the creation of deficiencies in any appropriations of money made by law in cases of actual necessity and shall authorize the payment of deficiencies out of any money which may be appropriated for such purpose. No deficiency shall be authorized except upon the written authority, first obtained, of a majority of the members of the board and of the governor. Any indebtedness attempted to be created against the state in violation of these provisions shall be null and void, and shall not be allowed by the board of control or the controller. Legislation § 680. 1. Enacted March 12, 1872; based on Stats. 186768, p. 523, § 56. 2. Amended by Stats. 1883, p. 25. 3. By Stats. 1903, p. 42. 4. By Stats. 1911, p. 345. 5. Repealed by Stats. 1911, p. 591. 6. Re-enacted by Stats. 1911, p. 595. See ante tit. "Legislation Article XVIII." § 681. Sale of property belonging to state. The board shall have power to authorize the sale or exchange of any property, except real estate, which belongs to the state and which, in their judgment, it shall be for the best interests of the state to sell or exchange. Legislation § 681. 1. Enacted March 12, 1872; based on Stats. 186768, p. 523, § 56. 2. Repealed by Stats. 1883, p. 26. 3. Re-enacted by Stats. 1903, p. 406. 4. Repealed by Stats. 1911, p. 591. 5. Re-enacted by Stats. 1911, p. 596. See ante tit. "Legislation Article XVIII." § 682. Board to supervise financial policies of state. The board shall have general powers of supervision over all matters concerning the financial and business policies of the state, and shall, whenever they deem it necessary or at the instance of the governor, institute or cause the institution of such investigations and proceedings as they may deem proper to conserve the rights and interests of the state. Legislation § 682. 1. Enacted March 12, 1872; based on Stats. 186768. p. 523, § 56. 2. Amended by Stats. 1883, p. 26. 3. Repealed by Stats. 1911, p. 591. 4. Re-enacted by Stats. 1911, p. 596. See ante tit. "Legislation Article XVIII." § 683. Contracts for supplies to be submitted to board. Permission to purchase supplies in open market. All contracts entered into by any state officer, board, commission, department, or bureau, for the purchase of supplies and materials, or either, shall before the same becomes effective be transmitted with all papers, estimates and recommendations concerning the same to the state board of control for consideration. If a majority of such board approve the same, it shall, from the date of such approval, be in force and effect. No state officer, board, commission, department, or bureau, shall purchase supplies and materials, or either, in open market, unless permission has been given, upon a presentation of the necessity therefor, by the state board of control; provided, that to meet an emergency, supplies and materials of a perishable nature, in an amount not exceeding one hundred dollars in value, may be purchased by such state officer, board, commission, department, or bureau without the permission of the said board of control. Legislation § 683. 68, p. 523, § 56. 2. Stats. 1911, p. 596. 1. Enacted March 12, 1872; based on Stats. 1867Repealed by Stats. 1911, p. 591. 3. Re-enacted by See ante tit. "Legislation Article XVIII." § 684. Board of examiners shall mean board of control. Whenever by the provisions of this code or any statute or law now in force or that may hereafter be enacted a duty is imposed or authority conferred upon the "state board of examiners" or the "board of examiners" and the members thereof such duty and authority are hereby imposed and conferred upon the state board of control and the members thereof, the same as though the title of the state board of control had been specifically set forth and named therein. For the purposes of this chapter the terms "state board of examiners," and "board of examiners," respectively, shall be construed to mean and refer to the "state board of control," and wherever in this code or in any statute or law the term "member of the state board of examiners" or "member of the board of examiners" is used it shall be construed to mean and refer to a "member of the state board of control." Legislation § 684. 1. Enacted March 12, 1872 (based on Stats. 1858, p. 215, § 18), and specified salaries of members of the board. 2. Repealed by Code Amdts. 1877-78, p. 4. 3. Repealed by Code Amdts. 1880, p. 2. 4. Re-enacted by Stats. 1891, p. 194. 5. Amended by Stats. 1905, p. 7. 6. By Stats. 1909, p. 417. 7. Repealed by Stats. 1911, p. 591. 8. Re-enacted by Stats. 1911, p. 596. See ante tit. "Legislation Article XVIII." § 685. Reports of supplies purchased to be made to board. Every state office, board, commission or department to whom is given by law the authority to make purchases of material or supplies, must, upon the request of the board of control, designate some certain officer or employee in such office, board, commission or department whose duty it shall be to make such reports at such times and in such manner to the board of control as said board shall from time to time require. Legislation § 685. 1. Enacted March 12, 1872 (based on Stats. 1858, p. 215, § 18), and then specified the salary of clerk of board. 2. Repealed by Code Amdts. 1880, p. 88. 3. Re-enacted by Stats. 1893, p. 182. 4. Amended by Stats. 1901, p. 807. 5. By Stats. 1905, p. 7. 6. By Stats. 1909, p. 417. 7. by Stats. 1911, p. 597. Repealed by Stats. 1911, p. 591. 8. Re-enacted § 686. Department of public accounting. Superintendent etc. There is hereby established in connection with and under the supervision of the state board of control a department of public accounting. The board shall appoint a superintendent of accounts at an annual salary of three thousand dollars, and two assistants at an annual salary of twenty-seven hundred dollars each. Such appointees shall be skillful accountants and well versed in public accounting. They shall (each) execute a bond to the state in the sum of ten thousand dollars. They shall be civil executive officers and their salaries shall be paid in the same manner and at the same time as the salaries of state officers are paid. The board may also appoint such additional accountants as may be necessary to carry on the work of the department at salaries not to exceed for any one of such appointees the sum of twenty-four hundred dollars per annum. Such salaries, upon authority of the board, shall be paid out of money appropriated for the use of the department at the same time and in the same manner as the salaries of state officers are paid. Such accountants shall be chosen from persons who have successfully taken an open competitive examination given along practical lines showing their fitness for the work required. They shall each execute to the state a bond in the sum of five thousand dollars. All of the appointees in this section are empowered to administer oaths in the furtherance of their official duties. Legislation § 686. Added by Stats. 1911, p. 597. lation Article XVIII." See ante tit. "Legis § 687. Uniform system of accounting for state officers. The board of control, through the department of public accounting shall devise, install and supervise a uniform system of accounting and reporting for any and all officers or persons in this state permitted or charged by law with the keeping of public accounts and records, and the custody, control and handling of public money or its equivalent, to the end that there shall be obtained similar and comparable data for every public office and every public account of the same class, and that there shall be a general, systematic and uniform check upon the receipt and disbursement of all public revenue. Legislation § 687. Added by Stats. 1911, p. 597. See ante tit. "Legislation Article XVIII." § 688. Financial and statistical reports. With the sanction of the state board of control, the department of public accounting may require from all such officers or persons mentioned in the foregoing section financial and statistical reports, duly verified, covering the period of each fiscal year, which report shall be made out upon blank forms prescribed and adopted and furnished by the department of public accounting, and mailed to such officers or persons not less than sixty days before the time such reports are required to be filed with such department. When necessary, the department may require special reports from any such ofheers or persons, which must be filed with the department without delay. Legislation § 688. Added by Stats. 1911, p. 597. See ante. tit. "Legislation Article XVIII." § 689. Department may examine books, etc., of public officer. The department of public accounting is given full power to examine, through any of its officers or appointees, all accounts and all financial affairs of every officer or person mentioned in section 687 of this code, and shall have the right to enter into any public office or institution in this state and examine any books, papers or documents contained therein or belonging thereto for the purpose of making such examination, and shall have access, in the presence of the custodian thereof, or his deputy, to the cash drawers and cash in the custody of such officer or person and shall also have the right, during business hours to examine the public accounts in any depository which has public funds in its custody. Legislation § 689. Added by Stats. 1911, p. 597. See ante tit. "Legislation Article XVIII." § 690. Neglect to file reports, etc. Any officer or person who shall fail or neglect to make, verify and file with the department of public accounting any such report as is required by this article, or who shall fail or neglect to follow the directions of the department of public accounting in keeping the accounts of his office, or who shall refuse to permit the examination or access to the books, accounts, papers, documents or cash drawer or cash of his office to a representative of said department, or who shall in any way interfere with such examination, shall be guilty of a misdemeanor and upon conviction shall be fined not less than one hundred dollars nor more than one thousand dollars or shall be imprisoned in the county jail not less than thirty days, or both. Legislation § 690. Added by Stats. 1911, p. 597. See ante tit. "Legislation Article XVIII." § 691. Biennial report. The board must biennially report to the legis lature a history of its transactions and investigations. Legislation § 691. Added by Stats. 1911, p. 597. See ante tit. "Legis lation Article XVIII." |