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Section 64309 Of Article 11. Financing Plan From California Food And Agricultural Code >> Division 22. >> Part 2. >> Chapter 1. >> Article 11.
64309
. (a) Any money that is collected by the director pursuant to
this chapter shall be deposited in a bank or other depository which
is approved by the Director of Finance. Funds which are so collected
shall be deposited and disbursed in conformity with appropriate
regulations prescribed by the director and may be allocated to pay
for expenses generated by the auditing requirement imposed by
subdivision (b). The expenditure of those funds shall be exempt from
the provisions of Section 925.6 of the Government Code.
(b) All 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 thereof to the Governor, the director, and the Controller.
(b) All 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 thereof to the Governor, the director, and the Controller.
