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event, Authority shall not compete for funding <br /> which would otherwise be allocated to that <br /> member jurisdiction. <br /> <br /> c. Restriction on Power. The manner of exercising <br />powers granted Authority by this agreement shall be subject to <br />the same restrictions as imposed upon the agency of the Authority <br />Treasurer in that agency's exercis~ of similar powers as required <br />by Government Code Section 6509. <br /> <br /> 9. Financial. <br /> <br /> a. Fiscal Year. The fiscal year for Authority shall <br /> <br />be from July 1 to June 30. <br /> <br /> b. Depository. The Treasurer of the City of <br /> <br />is designated as the depository for Authority to have custody of <br />all funds of Authority from whatever source. Notwithstanding <br />Paragraph 16, the designation of the jurisdiction whose Treasurer <br />shall act as Authority Treasurer may be changed by five votes of <br />the Board of Directors. As depository, the Treasurer shall: <br /> <br /> i. Receive and receipt for all money of Authority <br /> and place it in the treasury to the credit of <br /> Authority; <br /> <br /> ii. Be responsible on his/her official bond for <br /> <br /> the safekeeping and disbursement of all money <br /> of Authority so held by the Treasurer; <br /> <br /> iii. Pay, when due, out of the money of Authority <br /> so held by him/her all sums payable on out- <br /> standing bonds and coupons of Authority; <br /> <br /> - 10 - <br /> <br /> <br />