HB 2639 Summary

• Modifies the Commissioners of the Land Office Revolving Fund to add emergency purchases and bills as allowable uses, and increases the cash drawer change fund maximum from an unspecified amount to $1,000.

• Requires filing of proper receipts for cash drawer fund adjustments and adds language allowing emergency bill payments from the fund.

• Changes investment plan deadline from August 1 to September 1 each year and annual report deadline from October 1 to January 1 for permanent school and educational funds management.

• Amends mail handling procedures to allow lock box collection services as an alternative to traditional in-office mail opening and receipt recording.

• Modifies Commissioners of the Land Office unclassified employee positions, replacing some positions (Director of Investments Division, Director of Accounting) with new positions (Chief Financial Officer, Archivists, Accountant/CPA, Commercial Property Manager, and others).

• Effective July 1, 2014, with emergency provisions for immediate effect.