8.42  Payroll accrual account.

The director of the department of management shall establish a payroll accrual account in the office of the state treasurer. In preparation of budgets for state departments, the director shall compute an amount for each fiscal year sufficient to provide funds to meet the twenty-seventh biweekly payroll when it occurs and shall deposit the necessary amount each year in the payroll accrual account.

Section History: Early form

  [C81, § 8.42; 81 Acts, ch 20, § 1]

Section History: Recent form

  88 Acts, ch 1134, § 5


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