Section 58937 Of Article 10. Assessments And Funds From California Food And Agricultural Code >> Division 21. >> Part 2. >> Chapter 1. >> Article 10.
58937
. (a) Any money that is collected by the director pursuant to
this chapter shall be deposited in a bank or other depository that is
approved by the Director of Finance, allocated to each marketing
order under which it is collected. Except as provided in Section
58941, these funds shall be disbursed by the director or the advisory
board only for the necessary expenses that are incurred by the
advisory board and that are approved by the director with respect to
each marketing order. Allowable expenses include expenses generated
by the auditing requirement imposed by subdivision (b).
Funds so collected shall be deposited and disbursed in conformity
with appropriate rules and regulations that are prescribed by the
director. The expenditure of these funds is exempt from the
provisions of Section 925.6 of the Government Code.
(b) All such expenditures by the director shall be audited at
least once every two years by one of the following means:
(1) By contract with a certified public accountant.
(2) By contract with a public accountant holding a valid permit
issued by the California Board of Accountancy.
(3) By contract with a public accounting firm.
(4) By agreement with the Department of Finance.
A copy of the audit shall be delivered within 30 days after the
completion of the audit to the Governor, the director, and the
Controller.