§ 42-102-7. Authority. (a) The workforce board ("board") shall have all authority necessary to fulfill its responsibilities. The board shall adopt a mission statement, goals and objectives, policies, and a biennial plan to accomplish the purposes of this chapter. The council shall have primary responsibility to approve and certify all employment and training programs. To the extent that there is a conflict between federal law and this section, federal law shall prevail.

(b) The board shall develop policy and procedures whereby those entities not meeting the goals and objectives of the council may be sanctioned. In addition, the board shall also:

(1) Establish and publish standards for considering projects and awarding grants;

(2) Provide ongoing evaluation of each project funded by the board;

(3) Provide for fiscal and accounting controls to monitor and audit grants and awards; and

(4) Adopt by-laws consistent with this chapter, which by-laws shall include provisions for the creation of an audit committee and a governance committee.

(c) The board shall annually prepare and submit a proposed budget for the ensuing year for the governor's approval;

(d) The auditor general shall conduct annual audits of all financial accounts and any other audits that he or she shall deem necessary;

(e) The board shall ensure that, for those contracts or grants characterized as training or upgrading, the administrative expenses of the private or public entity awarded the contract or grant shall not exceed fifteen percent (15%) of the total contract or grant;

(f) The board may receive any gifts, grants, or donations made and to disburse and administer them in accordance with the terms thereof.

History of Section. (P.L. 1992, ch. 133, art. 68, § 4; P.L. 2004, ch. 369, § 2; P.L. 2004, ch. 388, § 2; P.L. 2014, ch. 500, § 4; P.L. 2014, ch. 551, § 4.)