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24. Reimbursement of Funds. Funds received by the Agency from any <br />federal, state or local agency to pay for budgeted expenditures for which the Agency <br />has received all or a portion of said funds from its Parties shall be proportionately <br />paid to said Parties to reimburse the Parties for the funds advanced to the Agency for <br />the acquisition, construction, operation and maintenance of the Facilities for which <br />such funds have been received. <br />FINANCIAL PROVISIONS <br />25. General Financial Provisions. The Agency may, in any given year, <br />issue bonds to finance Projects in accordance with the provisions of any applicable <br />law and the JPA Law. <br />26. Revenue Bonds. The Board shall have the power and authority to <br />issue revenue bonds for the purposes and in accordance with the procedures and <br />requirements set forth in the JPA Law. <br />ACCOUNTING AND AUDITS <br />27. Accounts and Reports. To the extent not covered by the duties <br />assigned to a trustee chosen by the Agency, the Auditor shall establish and maintain <br />such funds and accounts as may be required by good accounting practice or by any <br />provision of any trust agreement entered into with respect to the proceeds of any <br />bonds issued by the Agency. The books and records of the Agency in the hands of a <br />trustee or the Treasurer shall be open to inspection at all reasonable times by <br />Joint Exercise of Powers Agreement Yage vi of zu <br />J:\WPD\CSL\136WGPLM OINTPW R.CLN <br />