Current through Register Vol. XLI, No. 25, June 21, 2024
Section 94-3-9 - Settlement Statement9.1. At the end of each fiscal year, a settlement statement may be prepared by the Authority. 9.1.1. If collected revenues exceed the total operational expenditures, any remaining balance may be credited to the responsible entity on the same basis as payments were received.9.1.2. If collected revenues are less than total operational expenditures, the settlement statement may reflect a balance due and payable to the Authority from the responsible entity.9.2. The Authority may, if collected revenues exceed the expenditures in a fiscal year, apply any such excess revenues to the anticipated operational expenditures for the succeeding fiscal year; in such case, the Authority shall treat such revenue as revenue available for use as operational funds as described in §5.1.1. and shall reduce the net amount of the anticipated operational expenditures thereby before calculating the cost per inmate day to be collected from entities which incarcerate inmates in any regional jail.