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<br />12.4 Facilities Records and Accounts. The Treasurer shall maintain or cause to be <br />maintained accurate and correct books of account of the Facilities' operations showing in detail <br />revenues and expenditures, together with supporting documentation including, but not limited <br />to, receipts, invoices, and vouchers. <br />12.5 Revenue Bond Payments. The revenue stream pledged to the Revenue Bonds <br />may in no way be used for any purpose other than to make payment on the indebtedness <br />associated with those bonds. Such revenues are not in any way considered revenues to the <br />Members and may not be used for any other purpose unless and until such Revenue Bonds are <br />defeased or repaid in full. <br />12.6 Franchise Fee Payments. Monthly, SBWMA shall distribute to the City of San <br />Carlos, from funds received from Contractor, one twelfth (1/12th) of the annual franchise fee <br />agreed to by the SBWMA and the City of San Carlos for the operation of the Facilities. <br />12.7 Priority of Distribution of Funds Received by SBWMA. Monthly, the <br />SBWMA shall receive funds from the Contractor of the Facilities under Section 6.04 of the <br />Agreement for the Operation of the South Bayside Waste Management Authority’s Transfer <br />Station and Recyclery. The SBWMA shall distribute the funds received in accordance with the <br />following priority: <br />a. Debt Service Payments. <br />b. Contributions to Reserves. <br />c. Management Costs. <br />d. Payment of Franchise Fees to the City of San Carlos. <br />e. Such other distribution as authorized by the Board. <br /> <br />ARTICLE 13. SBWMA ADMINISTRATION POWERS <br />131 Assertion of Authority. The Members shall not engage in any action that would <br />duplicate, circumvent, by-pass, or supersede the SBWMA’s powers, as expressed in this <br />Agreement. <br />13.2 Facility Operator. The Members agree that the SBWMA shall have sole <br />authority to operate or contract for the operation of the Facilities, and have sole authority to <br />direct the delivery of all or a portion of each Member's Solid Waste, Recyclable Material, and <br />Plant Material to the Facilities, except as provided in Exhibit D hereto. No Member shall take <br />any action in any manner inconsistent with the terms of this Agreement. <br />13.3 Operating Records. The SBWMA will cause the Facilities' contractor to <br />maintain accurate, timely, and complete records of operations at the Facilities, as necessary to <br />comply with any CIWMA or other State requirements, or this Agreement. <br />13.4 Operations Reporting. The SBWMA shall cause the Facilities' contractor to <br />compile information and report on any of its Facilities operations, in accordance with the <br />CIWMA and this Agreement. <br />13.5 Solid Waste Reporting. The SBWMA shall cause the Facilities' contractor to <br />compile and report to the CIWMA and other State of California agencies data on Solid Waste <br />accepted at the Facilities, all on behalf of the Members. <br />13.6 Require Compliance With Laws. The SBWMA shall require the Facilities <br />contractor to operate said Facilities in compliance with all Federal, State, and local laws, <br />Environmental Laws, guidelines, and regulations, as may exist, or as may exist from time to <br />time. <br />13.7 Bond Payment Review. The SBWMA shall at least annually review the