(1) For the purpose of compliance with the provisions of this subchapter, the following shall be designated as disbursing officers: The executive head of each state department;
(2) The executive head, or superintendent, of each state institution; and
(3) The executive secretary of each board or commission having such an officer.
(4) The board having charge of any institution may designate any other full-time employee to act instead of the executive head, and the executive head of any other agency may designate any other full-time employee to act in his or her stead.
(5) All these disbursing officers shall be required to furnish bond to the state in the manner provided by law.