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MARVIN MANDEL, Governor
1121
1. THE PURCHASE IS TO BE MADE FROM OR THE
CONTRACT TO BE MADE WITH THE FEDERAL OR ANY STATE
GOVERNMENT OR ANY AGENCY OR POLITICAL SUBDIVISION
THEREOF OR PURSUANT TO ANY OPEN AND BULK PURCHASE
CONTRACT OF ANY OF THEM;
2.
DELIVERY
SERVICE;
3.
THE PUBLIC EXIGENCY REQUIRES THE IMMEDIATE
OF THE ARTICLES OR PERFORMANCE OF THE
ONLY ONE SOURCE OF SUPPLY IS AVAILABLE;
4. THE EQUIPMENT TO BE PURCHASED IS OF A
TECHNICAL NATURE AND THE PROCUREMENT THEREOF WITHOUT
ADVERTISING IS NECESSARY IN ORDER TO ASSURE
STANDARDIZATION OF EQUIPMENT AND INTERCHANGEABILITY OF
PASTS IN THE PUBLIC INTEREST; OR
5. SERVICES ARE TO BE PROVIDED OF A SPECIALIZED
OR PROFESSIONAL NATURE.
15.10. INSURANCE. —THE COMMISSION MAY
SELF-INSURE OR PURCHASE INSURANCE AND PAY THE PREMIUMS
THEREFOR AGAINST LOSS OR DAMAGE TO ANY OF ITS
PROPERTIES; AGAINST LIABILITY FOR INJURY TO PERSONS OR
PROPERTY; AND AGAINST LOSS OF REVENUE FROM ANY CAUSE
WHATSOEVER. SUCH INSURANCE COVERAGE SHALL BE IN SUCH
FORM AND AMOUNT AS THE COMMISSION MAY DETERMINE,
SUBJECT TO THE REQUIREMENTS OF ANY AGREEMENT ARISING
OUT OF THE ISSUANCE OF BONDS BY THE COMMISSION.
15.11.
ANNUAL INDEPENDENT AUDIT. —
(A) AS SOON AS PRACTICAL AFTER THE CLOSING OF
THE FISCAL YEAR AN AUDIT SHALL BE MADE OF THE
FINANCIAL ACCOUNTS OF THE COMMISSION. THE AUDIT
SHALL BE MADE BY QUALIFIED CERTIFIED PUBLIC
ACCOUNTANTS SELECTED BY THE COMMISSION, WHO HAVE NO
PERSONAL INTEREST DIRECT OR INDIRECT IN THE FINANCIAL
AFFAIRS OF THE COMMISSION OR ANY OF ITS OFFICERS OR
EMPLOYEES. THE REPORT OF AUDIT SHALL BE PREPARED IN
ACCORDANCE WITH ACCEPTED ACCOUNTING PRACTICES AND
SHALL BE FILED WITH THE CHAIRMAN AND SUCH OTHER
OFFICERS AS THE COMMISSION SHALL DIRECT. COPIES OF
THE REPORT SHALL BE DISTRIBUTED TO EACH COMMISSIONER
AND SHALL BE MADE AVAILABLE FOR PUBLIC DISTRIBUTION.
(B) EACH SIGNATORY PARTY BY ITS DULY AUTHORIZED
OFFICERS SHALL BE ENTITLED TO EXAMINE AND AUDIT AT ANY
TIME ALL OF THE BOOKS, DOCUMENTS, RECORDS, FILES, AND
ACCOUNTS AND ALL OTHER PAPERS, THINGS, OR PROPERTY OF
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