Sec. 3. The treasurer is responsible for the: (1) receipt; (2) custody; (3) accounting; and (4) proper protection; of all funds due and accruing to the university and the board from any sources and for whatever purposes the funds and receipts may be designated. [Pre-2007 Higher Education Recodification Citation: 20-12-56-4 part.] As added by P.L.2-2007, SEC.262.