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Section 3.8. Signature Authori . The following signature authority shall be authorized for transactions executed under direction of the Board: (a) All orders and requests for checks of the Authority for the payment of money as directed by the Board shall be signed by the Chair and the Administrative Director. (b) All contracts, deeds and other instruments made or authorized by the Board, except as otherwise authorized by resolution of the Board, shall be signed by the Chair and the Administrative Director. (e) The Vice Chair shall have the capacity to sign as an alternate officer of the Authority under extenuating circumstances such as lengthy excused absence, vacancy, termination, resignation, incapacitation or death of the Chair or of the Administrative Director. For purposes of definition, absent is defined as a period, usually significant in length, during which Chair is away and/or unable to fulfill the Chair's role within the Authority leading to the potential for business issues of the Authority to be delayed and/or deadlines to be missed. Section 3.9. Vacancies. Should the office of Chair or Vice Chair become vacant, the original appointing authority, the City or County respectively, shall. appoint that officer's replacement for the unexpired term of that office. ARTICLE IV FINANCIAL MATTERS Section 4.1. Fiscal Year. The fiscal year of the Authority shall be the same as the fiscal year of the County, a calendar year. Section 4.2. Accounting System and Audits-, Books and Records. The financial records and financial statements of the Authority shall be prepared, audited, filed, and published or posted in the manner required for the financial statements of the County by a fiscal agent for the Board appointed by the County (the "Fiscal Agent"). The books and records of the Authority shall be public records maintained in accordance with state law and with such rules, regulations, and ordinances adopted by the County for maintaining public records. Section 4.3 Expenditure of Public Money. All Authority money is public money. An Authority check or electronic funds transfer ("EFT") must be signed pursuant to County requirements upon the request of the Chair and Administrative Director, unless as described above in Section 3.7, pursuant to the procedures provided by the Fiscal Agent. The check or EFT must state the name of the payee and the nature of the claim' for which the check or EFT was issued. 4.3.2. The JDA shall develop a reimbursement policy including priority for payment to the City and County of allocated fee or other income described in the Joint Agreement. The policy shall provide for monthly reimbursement to the City and County where reasonable and practical. Page 3 of 8 421110v5 MTN TW i 85-1