Albuquerque evening herald. [volume] (Albuquerque, New Mexico) 1911-1914, 1912-04-23


interest Ia the legislature yesterday
afternoon was In bin introduced In
the senate by Mr.. CLARK, providing
for the handling. deposltlng and ac-
counting for. OF all public monies
This II the measure agreed upon by
the Republican majority or the SEN
ate and II II can be worked through
the house Will become a law unless
vetoed by the governor.
The senate yesterday was IN ses-
sion but fifteen minutes. Senator
Holt, the floor leader OF the majority.
was Attending the meeting OF the Re-
publican state executive committee
and asked TO be excused. One OF the
Republican members showed that tho
SENATE adjourn until 3 o'clock today
and the motion prevailed. II was
withdrawn for few minutes az the
request OF Senator Clark, who said
that he has an Important bin and
that In order to expedite business no
would like 20 present il 80 that Il
could be printed
The measure IL q senate substitute
for Senate Bill No. CT, the original
finance bill. and consists OF about
twenty closely typewriter pages
containing about thirty sections.
II was presented as the bill OF the
finance committee and was promptly
referred 20 that committee, when
Will soon report II back TO the SEN
ate.
The measure differs only slightly
from the other BILL the chief change
being in the form OF bond that Of
flcials, banks and others handling
public monies, must furnish.
II retains the original innovation.
providing that every official must
keep cash book. on which shall be
entered ali receipts and disbursements.
and that this book shall be open 10
public inspection during office hours
and must be Kept balanced daily.
II provides that within thirty days
after this measure goes into effect all
public monies in the possession of any
state official must be paid into the
state treasury. and that thereafter
on or hefvie the second Monday Of
each month all such monies collected
or received during the previous month
must be paid into the state treasury
This provision absolutely prohibits
any official from holding back funds
Of the state. dep0sltipR them tempo
rariiy In private business enterprises
Any person who receives fees in re-
turn for work for tine state must turn
In all fees to the treasury and draw
his portion thereof from the state
treasury on duly approved expense ac-
count and warrant That section pro-
vides against the withholding OF fees
and makes Il certain that All fees will
be accounted for.
a state board Of finance, consist
ing OF the governor. the state auditor
ana the state treasurer. Is created,
ana that board has direct supervision
OF the safekeeping OF ali funds and
Is Invested with ample powers. Boards
OF county commissioners likewise are
created ex-officso boards OF finance
and empowered with fun authority
over the bookkeeping OF county funds,
The same provision extends 20 city
councils and TO town trustees for the
safekeeping OF city funds and the
measure provides stringent regnla-
lions 10 govern these bodies in the
handling OF public monies.
These boards must keep a record Of
an their acts and this record Is open
bers az these boards can not receive
compensation.
The same rule applies TO boards Of
regents and boards of trustees Of pub
tic institutions, All have the power
20 designate, under certain provisions
OF this measure, the banks that may
receive public monies and the treaaur-
ers must then deposit the funds Ia the
designated banks under the directions
OF the boards Of finance.
Stringent regulations are provided
for the government OF banks 20 meet
the requirements OF this act as depos-
tories. the intent being 20 make e
Impossible 20 use public funds for pri-
vate enterprises or permit officials
having public funds In custody TO
profit from their use
Banks must pay not less than two
per cent per annum nor more than
three per cen; per annum on monthly
balances Of deposits.
The bill will probably be taken up
IN the senate this week. II the printed
copies are received IN time, II viii
require several days consideration in
committee OF the whole.