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TITLE 1, CHAPTER 3
Chapter 3: Financial Procedures Act of 2012
1-3-1. This act shall be known and may be cited as the “Financial Procedures Act of 2012.”
1-3-2. Individuals engaged in financial transactions on behalf of TISL shall comply with these requirements:
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Any person entitled to reimbursement from TISL for travel or out-of-pocket expenses shall file an honest accounting of the amounts owed in a manner prescribed by the State Office.
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Any expense for which an individual expects reimbursement shall accord with established TISL policies or shall be authorized by the State Office.
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Any person entrusted to make spending decisions on behalf of TISL shall act in TISL’s best interest and shall disclose any conflict of interest to the Governor and State Treasurer.
1-3-3. Any person who shall violate the aforementioned requirements shall be punished, upon conviction, for a Class C Major Offense under the Uniform Conduct Act of 2013 and may also be required to pay restitution as shall be ordered by the Court.