30-203. Receipt of monies; disbursements;
operation of accounting system; annual audit
A. Monies due the authority under agreements for the sale of electric power or
other service, proceeds of revenue bond issues or any other obligations may be made
payable at the office of the authority. All monies derived from operations of the
authority of any nature and received by any officer, agent or employee of the authority
shall be deposited, pursuant to sections 35-146 and 35-147 in the Arizona power authority
fund. All operation monies of the authority received shall be accounted for and kept
separate from any monies made available to the authority by any legislative appropriation
and shall be paid out only in accordance with the regularly adopted authority operation
budget on warrants in discharge of claims and obligations approved by the authority
commission, signed by the authority chairman and countersigned by the authority director
or other duly authorized authority officer.
B. The appropriate claim vouchers shall be regularly entered in the operations
accounting system of the authority and preserved and exhibited for auditing
purposes. The operations accounting system set up by the authority shall conform as
nearly as practicable to the uniform accounting system prescribed for public service
corporations.
C. The department of administration may at any time examine the books, accounts and
vouchers of the authority. On notice from the authority, the state treasurer shall
invest and divest monies in the fund as provided by section 35-313, and monies earned
from investment shall be credited to the fund.
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