Laserfiche WebLink
<br />6.2C <br />Page 13 <br /> <br />B. Auditor: The Board shall designate the Auditor of one of the Parties to perform the <br />functions of Auditor for the JP A. There shall be strict accountability of all funds. The Auditor <br />shall either make or contract for an audit of the accounts and records of the JP A at least annually as <br />prescribed by section 6505 of the Government Code. The minimum requirements of the audit <br />shall be those prescribed by the State Controller for special districts by Government Code section <br />26909. <br /> <br />XII. Disposition of Property and Funds Upon Termination of the Group <br /> <br />A. Complete Transfer to Successor Entity. In the event of termination of the JPA <br />where there is a successor public entity which will carryon the activities of the JP A and assume its <br />obligations, all real and personal property owned by the JP A and all JP A funds including interest <br />on deposits, remaining upon termination of the 1P A, after payment of all obligations shall be <br />transferred to the successor public entity. <br /> <br />B. Partial Transfer to Successor Entity. If there is a successor public entity which <br />would undertake some of the functions of the JPA and assume some of its obligations, all real and <br />personal property owned by the jp A and JP A funds, including any interest earned on deposits, <br />remaining upon termination of the JP A, and after payment of all obligations, shall be allocated by <br />the Board between the successor public entity and the Parties, with that property and those funds <br />returned to the Parties being distributed in proportion to the contribution of each Party during the <br />term of this Agreement. <br /> <br />C. Transfer to Parties. In the event of termination of the JPA, when there is no <br />successor public entity which will carry out the activities of the JPA, all real and personal property <br />owned by the JP A and all JP A funds, including interest on deposits, remaining upon termination of <br />the JP A, after payment of all obligations, shall be distributed to the Parties in proportion to the <br />contribution of each Party during the term of this Agreement. <br /> <br />D. A Party that does not contribute funds to the acquisition of real and personal <br />property owned by the JP A or to the accumulative of funds owned by the JP A shall not have an <br />ownership interest in such real and personal property or funds or any entitlement to a distribution <br />of such real and personal property or funds upon termination pursuant to this section XII. A Party <br />shall only have an ownership interest in such real and personal property or funds and an <br />entitlement to a distribution of such real and personal property or funds upon termination pursuant <br />to this Section XII, if the Party has contributed to their acquisition and/or accumulation. <br /> <br />XIII. Liability <br /> <br />A. Except as specifically provided in this section XIIIC, no debt, liability, or obligation <br />of the JP A shall constitute a debt, liability or obligation of any Party. <br /> <br />B. Except as expressly authorized by the Board and by Section XIV of this Agreement, <br />no Party shall be responsible for the acts and omissions of another Party's officers or employees <br /> <br />8 <br />