Common use of RESPONSIBILITIES FOR FUNDS AND PROPERTY Clause in Contracts

RESPONSIBILITIES FOR FUNDS AND PROPERTY. (a) The Auditor-Treasurer shall have the custody of and disburse the Alliance's funds. He or she may delegate disbursing authority to such persons as may be authorized by the Board of Directors to perform that function, subject to the requirements of (b) below. (b) Pursuant to Government Code Section 6505.5, the Auditor-Treasurer shall: (1) Receive and acknowledge receipt of all funds of the Alliance and place them in the treasury to the credit of the Alliance; (2) Be responsible upon his or her official bond for the safekeeping and disbursements of all Alliance funds so held by him or her; (3) Pay any sums due from the Alliance, as approved for payment by the Board of Directors or by any body or person to whom the Board of Directors has delegated approval authority, making such payments from Alliance funds upon warrants drawn by the Auditor; (4) Verify and report in writing to the Alliance and to the Parties, as of the first day of each quarter of the fiscal year, the amount of money then held for the Alliance, the amount of receipts since the last report, and the amount paid out since the last report; (c) Pursuant to Government Code Section 6505.1, the Chair, the Vice Chair, and such other persons as the Board of Directors may designate, shall have charge of, handle, and have access to the property of the Alliance; (d) The Alliance shall secure and pay for a fidelity bond or bonds, in an amount or amounts and in the form specified by the Board of Directors, covering all officers and staff of the Alliance, and all officers and staff who are authorized to have charge of, handle, and have access to property of the Alliance.

RESPONSIBILITIES FOR FUNDS AND PROPERTY. (a) The Auditor-Treasurer shall have the custody of and disburse the AllianceAuthority's funds. He or she may delegate disbursing authority to such persons as may be authorized by the Board of Directors to perform that function, subject to the requirements of (b) below. (b) Pursuant to Government Code Section 6505.5, the Auditor-Treasurer shall: (1) Receive and acknowledge receipt of for all funds of the Alliance Authority and place them in the treasury of the Treasurer to the credit of the Alliance;Authority. (2) Be responsible upon his or her official bond for the safekeeping and disbursements of all Alliance Authority funds so held by him or her;. (3) Pay any sums due from the AllianceAuthority, as approved for payment by the Board of Directors or by any body or person to whom the Board of Directors has delegated approval authority, making such payments from Alliance Authority funds upon warrants drawn by the Auditor;. (4) Verify and report in writing to the Alliance Authority and to the Partiesmembers, as of the first day of each quarter of the fiscal year, the amount of money then held for the AllianceAuthority, the amount of receipts since the last report, and the amount paid out since the last report;. (c) Pursuant to Government Code Section 6505.1, the Chair, the Vice ChairGeneral Manager/Secretary/Treasurer, and such other persons as the Board of Directors may designate, designate shall have charge of, handle, and have access to the property of the Alliance;Authority. (d) The Alliance Authority shall secure and pay for a fidelity bond or bonds, in an amount or amounts and in the form specified by the Board of Directors, covering all officers and staff of the AllianceAuthority, and all officers and staff who are authorized to have charge of, handle, and have access to property of the AllianceAuthority.

RESPONSIBILITIES FOR FUNDS AND PROPERTY. (a) The Auditor-Treasurer shall have the custody of and disburse the AllianceAuthority's funds. He or she may delegate disbursing authority to such persons as may be authorized by the Board of Directors to perform that function, subject to the requirements of (b) below. (b) Pursuant to Government Code Section section 6505.5, the Auditor-Treasurer shall: (1) Receive and acknowledge receipt of for all funds of the Alliance Authority and place them in the treasury of the Treasurer to the credit of the Alliance;Authority. (2) Be responsible upon his or her official bond for the safekeeping and disbursements disbursement of all Alliance Authority funds so held by him or her;. (3) Pay any sums due from the AllianceAuthority, as approved for payment by the Board of Directors or by any body or person to whom the Board of Directors has delegated approval authority, making such payments from Alliance Authority funds upon warrants drawn by the Auditor;. (4) Verify and report in writing to the Alliance Authority and to the Partiesmember organizations, as of the first day of each quarter of the fiscal year, the amount of money then held for the AllianceAuthority, the amount of receipts since the last report, and the amount paid out since the last report;. (c) Pursuant to Government Code Section section 6505.1, the ChairGeneral Manager/Secretary, the Vice ChairTreasurer, and such other persons as the Board of Directors may designate, designate shall have charge of, handle, and have access to the property of the Alliance;Authority. (d) The Alliance Authority shall secure and pay for a fidelity bond or bonds, in an amount or amounts and in the form specified by the Board of Directors, covering all officers and staff employees of the AllianceAuthority who are authorized to hold or disburse funds of the Authority, and all officers and staff employees who are authorized to have charge of, handle, and have access to property of the AllianceAuthority.

RESPONSIBILITIES FOR FUNDS AND PROPERTY. (a) The Auditor-Treasurer shall have the custody of and disburse the Alliance's Authority’s funds. He or she may delegate disbursing authority to such persons as may be authorized by the Board of Directors to perform that function, subject to the requirements of (b) below. (b) Pursuant to Government Code Section section 6505.5, the Auditor-Treasurer shall: (1) Receive and acknowledge receipt of for all funds of the Alliance Authority and place them in the treasury of the Treasurer to the credit of the Alliance;Authority. (2) Be responsible upon his or her official bond for the safekeeping and disbursements of all Alliance Authority funds so held by him or her;. (3) Pay any sums due from the AllianceAuthority, as approved for payment by the Board of Directors or by any body or person to whom the Board of Directors has delegated approval authority, making such payments from Alliance Authority funds upon warrants drawn by the Auditor;. (4) Verify and report in writing to the Alliance Authority and to the Partiesmembers, as of the first day of each quarter of the fiscal year, the amount of money then held for the AllianceAuthority, the amount of receipts since the last report, and the amount paid out since the last report;. (c) Pursuant to Government Code Section section 6505.1, the ChairChief Executive Officer, the Vice ChairTreasurer, and such other persons as the Board of Directors may designate, designate shall have charge of, handle, and have access to the property of the Alliance;Authority. (d) The Alliance Authority shall secure and pay for a fidelity bond or bonds, in an amount or amounts and in the form specified by the Board of Directors, covering all officers and staff of the AllianceAuthority, and all officers and staff who are authorized to have charge of, handle, and have access to property of the AllianceAuthority.