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Jurisdiction shall be bound by such commitment. If equitably required, the terminated Member Jurisdiction shall not claim, but instead shall assist Authority to claim, such financial assistance during the remaining term of such contract. If possible, Authority will cooperate to arrange an equitable division of the obligations and benefits of said contract. (b) A terminated Member Jurisdiction shall continue to provide assurances and perform acts as required by Section 2.1 of this Agreement. During the term of such contract, Authority shall provide a terminated Member Jurisdiction public transportation services within the terminated Member's area on a fair and equitable basis in proportion to the financial assistance received by Authority which is traceable to such terminated Member Jurisdiction. ARTICLE VI: FINANCES Section 6.1. Fiscal Year. The fiscal year for Authority shall be from July 1 to June 30 of the following year. Section 6.2. Property Custodian. The Authority's Treasurer/Auditor and Executive Director shall have charge, handle, and/or have access to any money, property and assets of Authority. Section 6.3. Official Bond Required. Pursuant to Government Code Section 6505.1, the Authority shall require the Treasurer/Auditor and Executive Director to file an official bond in an amount of at least Five Hundred Thousand Dollars ($500,000). The actual cost of such bonds shall be a proper charge against the Authority. Section 6.4. Responsibilities of the Treasurer. The Treasurer is designated as the depository for Authority and is to have custody of all funds of Authority from whatever source. (a) As depository, the Treasurer shall comply with the duties and responsibilities of the office or offices as set forth in subdivisions (a) to (d), inclusive, of Government Code Section 6505.5, as may be amended from time to time: 1) Receive and receipt for all money of the agency or entity and place it in the treasury of the Treasurer so designated to the credit of the agency or entity. 2) Be responsible, upon his or her official bond, for the safekeeping and disbursement of all agency or entity money so held by him or her. 3) Pay, when due, out of money of the agency or entity held by him or her, all sums payable on outstanding bonds and coupons of the agency or entity. 4) Pay any other sums due from the agency or entity from agency or entity money, or any portion thereof, only upon warrants of the public officer performing the functions of auditor or controller who has been designated by the Agreement. (b) The Treasurer shall also: 1) Maintain all financial books and records necessary to conduct the business of Authority; 2) Invest any surplus funds not needed for immediate necessities of the Authority as the Board of Directors deems advisable; provided that such investments 8