Section 11-38-109 - Deposit and Disbursement of Collected Monies; Surety Bond Required

11-38-109. Deposit and disbursement of collected monies; surety bond required. (a) Monies collected pursuant to this act shall be deposited with the state treasurer's office and disbursed in accordance with the act. (b) Any person authorized by the commission to receive or disburse funds, shall post with the commission a surety bond in the amount the commission determines sufficient, for which the cost or premium shall be paid by the commission.