Health Care Professions Licensing Board Restricted Fund

Health Care Professions Licensing Board Restricted Fund. (a) A Health Care Professions Licensing Board Restricted Fund shall be established for the use of such funds as may be placed therein pursuant to the provisions of this chapter. (b) The Department of Finance shall maintain all funds generated under this chapter in a segregated, restricted special account within the general fund, identified as “The Health Care Professions Licensing Board Fund.” (c) The Board’s budget shall be appropriated by the legislature. The budget may exceed the amount of the funds projected to be generated under this chapter. (d) The funds generated under this chapter shall be allotted, disbursed, expended, spent, obligated or otherwise encumbered as provided in this chapter, and notwithstanding any other provision of law, they shall not be reprogrammed for any other purpose. (e) After the close of each fiscal year, the Board shall provide the presiding officers of the legislature with an accounting of the use of these and other budgeted funds. The Public Auditor shall perform an annual audit of the use of these and other budgeted funds and report the findings to the presiding officers of the legislature. These reports and any audits conducted shall be public information. (f) The expenditure authority of all funds appropriated to the Board shall be the chairperson of the Board, and/or his/her designee. Source: PL 15-105, § 3(2209), modified. Commission Comment: The Commission changed capitalization pursuant to 1 CMC § 3806(f).