Common use of Funds and Accounts Clause in Contracts

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. The Authority shall establish and maintain such funds and accounts as may be required by Generally Accepted Accounting Principlesthe Board of Directors and as required by generally accepted accounting principles, or by any provision of law or any resolution of the Authorityincluding separate funds and accounts for each Program, including Joint Protection Programs. Books and records of the Authority shall be open to any 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 6505or as otherwise required by law.

Funds and Accounts. The Authority As necessary, the Agency 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 or Bylaw of the AuthorityBoard of Directors. Books and records of the Authority Agency shall be open to inspection at all reasonable times by authorized representatives of Members. Additionally, the Authority Agency shall adhere to the standard of strict accountability for funds set forth in Government Code Section 6505.