Funds and Accounts. Section 7.1 Authorization to Create Funds and Accounts 20 Section 7.2 Investment of Funds 20 Section 7.3 Establishment of Funds 20 Section 7.4 Funding Loan Payment Fund 21 Section 7.5 Expense Fund 21 Section 7.6 Closing Costs Fund 22 Section 7.7 Project Fund 22 Section 7.8 Rebate Fund 25 TABLE OF CONTENTS (continued) Page Section 7.9 Investments 26
Funds and Accounts. The Authority shall establish and maintain such funds and accounts as may be required by Generally Accepted Accounting Principles, or by any provision of law or any resolution of the Authority. Books and records of the Authority shall be open to inspection at all reasonable times by authorized representatives of Members. Additionally, the Authority shall adhere to the standard of strict accountability for funds set forth in Government Code Section 6505.
Funds and Accounts. Any fund or account required by this Indenture to be established and maintained by the Authority or the Trustee may be established and maintained in the accounting records of the Authority or the Trustee, as the case may be, either as a fund or an account, and may, for the purpose of such records, any audits thereof and any reports or statements with respect thereto, be treated either as a fund or as an account. All such records with respect to all such funds and accounts held by the Authority shall at all times be maintained in accordance with generally accepted accounting principles and all such records with respect to all such funds and accounts held by the Trustee shall be at all times maintained in accordance with corporate trust industry practices; in each case with due regard for the protection of the security of the Bonds and the rights of every Owner thereof.
Funds and Accounts. The Auditor of the Authority shall establish and maintain such funds and accounts as may be required by good accounting practices and by the Board of Directors. Separate accounts shall be established and maintained for each insurance program under development or adopted and implemented by the Authority. Books and records of the Authority in the hands of the Auditor shall be open to inspection at all reasonable times by authorized representatives of members. The Authority shall adhere to the standard of strict accountability for funds set forth in Government Code Section 6505.
Funds and Accounts. The Treasurer-Auditor of the Authority shall establish and maintain such funds and accounts as required by the Board and as required by good accounting practice. Books and records of the Authority in the hands of the Treasurer-Auditor shall be open to inspection at all reasonable times by the Board and as otherwise required by law.
Funds and Accounts. 7.1 Authorization to Create Funds and Accounts 21 7.2 Investment of Funds 21 7.3 Establishment of Funds 21
Funds and Accounts. Any fund or account required by this Bond Indenture to be established and maintained by the Trustee may be established and maintained in the accounting records of the Trustee, either as a fund or an account, and may, for the purposes of such records, any audits thereof and any reports or statements with respect thereto, be treated either as a fund or as an account; but all such records with respect to all such funds and accounts shall at all times be maintained in accordance with industry standards to the extent practicable, and with due regard for the requirements of Section 6.06 and for the protection of the security of the Bonds and the rights of every Holder thereof. The Trustee may establish such additional funds and accounts as it deems necessary to perform its obligations hereunder.
Funds and Accounts. The Executive Director shall establish and maintain such funds and accounts as may be required by governmental accounting practices and the State’s fiscal procedures act. Financial records of the Commission shall be open to inspection at all reasonable times by Members’ representatives and shall be public records if so required by Utah State law.
Funds and Accounts. The Auditor of PRISMthe Authority shall establish and maintain such funds and accounts as may be required by good accounting practices and by the Board of Directors. Separate accounts shall be established and maintained for each insurance program under development or adopted and implemented by PRISMthe Authority. Books and records of PRISMthe Authority in the hands of the Auditor shall be open to inspection at all reasonable times by authorized representatives of members. PRISMThe Authority shall adhere to the standard of strict accountability for funds set forth in Government Code Section 6505.
Funds and Accounts. (a) The Treasurer shall continue to maintain or cause to be maintained the following funds and accounts, heretofore created pursuant to Section 1210 of the City Charter, as provided for in the 1984 Bond Resolution, the 1986 Bond Resolution, the 1988 Bond Resolution, the 1990 Bond Resolution, the 1992 Bond Resolution, the 1993 Bond Resolution and the 2004 Bond Resolution so long as any Senior Bonds or Qualified Obligations remain Outstanding:
