(1) The executive director shall appoint a financial officer for the Administrative Services Division with the approval of the board.

(2) The financial officer shall be responsible for accounting for the authority, including: (a) safekeeping and investment of public funds of the authority, including the funds expended from the restricted accounts created in this chapter; (b) the proper collection, deposit, disbursement, and management of the public funds of the authority in accordance with Title 51, Chapter 7, State Money Management Act; (c) having authority to sign all bills payable, notes, checks, drafts, warrants, or other negotiable instruments in the absence of the executive director and the executive director's designated employee; (d) providing to the board and the executive director a statement of the condition of the finances of the authority, at least annually and at such other times as shall be requested by the board; and (e) performing all other duties incident to the financial officer.

(a) safekeeping and investment of public funds of the authority, including the funds expended from the restricted accounts created in this chapter;

(b) the proper collection, deposit, disbursement, and management of the public funds of the authority in accordance with Title 51, Chapter 7, State Money Management Act;

(c) having authority to sign all bills payable, notes, checks, drafts, warrants, or other negotiable instruments in the absence of the executive director and the executive director's designated employee;

(d) providing to the board and the executive director a statement of the condition of the finances of the authority, at least annually and at such other times as shall be requested by the board; and

(e) performing all other duties incident to the financial officer.

(3) The financial officer shall: (a) be bonded in an amount established by the State Money Management Council; and (b) file written reports with the State Money Management Council pursuant to Section 51-7-15.

(a) be bonded in an amount established by the State Money Management Council; and

(b) file written reports with the State Money Management Council pursuant to Section 51-7-15.