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<br />specified in Section 6505.5 of the Act. The Executive Director, as Auditor, shall have the <br />powers, duties and responsibilities specified in Section 6505.5 of the Act. <br />c. The Legislative Advocate for the Authority shall be the Rural County <br />Representatives of California. <br />d. The Treasurer and Auditor are public officers who have charge of, handle, or <br />have access to all property of the Authority, and a bond for such officer in the amount of <br />at least one hundred thousand dollars ($100,000.00) shall be obtained at the expense of <br />the Authority and filed with the Executive Director. Such bond may secure the faithful <br />performance of such officer’s duties with respect to another public office if such bond in <br />at least the same amount specifically mentions the office of the Authority as required <br />herein. The Treasurer and Auditor shall cause periodic independent audits to be made of <br />the Authority’s books by a certified public accountant, or public accountant, in <br />compliance with Section 6505 of the Act. <br />e. The business of the Authority shall be conducted under the supervision of the <br />Executive Director by RCRC personnel. <br />10. Executive Committee of the Authority <br />a. Composition <br />The Authority shall appoint nine (9) members of its Board to serve on an <br />Executive Committee. <br />b. Powers and Limitations <br />The Executive Committee shall act in an advisory capacity and make <br />recommendations to the Authority Board. Duties will include, but not be limited to, <br />review of the quarterly and annual budgets, service as the Audit Committee for the <br />Authority, periodically review this Agreement; and complete any other tasks as may be <br />assigned by the Board. The Executive Committee shall be subject to all limitations <br />imposed by this Agreement, other applicable law, and resolutions of the Board. <br />c. Quorum <br />A majority of the Executive Committee shall constitute a quorum for transacting <br />business of the Executive Committee. <br />11. Disposition of Assets <br />Upon termination of this Agreement, all remaining assets and liabilities of the <br />Authority shall be distributed to the respective Members in such manner as shall be <br />determined by the Board and in accordance with the law. <br />12. Agreement Not Exclusive; Operation in Jurisdiction of Member