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<br />sliu(1.ivis-i.~)I:i-:':.:,1-:~t:::vLl.ish::1~~nt of Tcust ;'und. 'rlwre .is
<br />he re ~y ... s t Cl ~) 1 i. f~'!~ '~:d . .,1 ncl.'-c t~"~;<:-; t~~:._~::._f.~~.~-~- t~i....;~i.-~..;-t- -i~~ln.(T ~.;y.-;-:.:; ~~~ i. l~ t: he rc sha 1''1' .
<br />be de~<:-'3itcd a.ll cntitlc,ncn:: flwd;; rcccd,\fC'l: by the Municipality
<br />pur,StL~. ~- to .,1:h;:' r(H:C!!~tk~ sh.1rinq a'ct. The LLlLiL func'sllall be
<br />eital . shed on' the booksandrec9rds ~f the Municipality as ac_
<br />. "'separ::,;",e se t;~'0f. aeC6I.ln.ts.;~.'ahd.o.:shaJ 1 -be .:i.<.:count'ed'forin a mariner
<br />custoiuarily fotloHed in ac'cmtn.tin,) for trust or oth~r.seqleg~ted
<br />~unds, or_a st;l:?~r.:l~.g'>l:;;.dnk,,;;:'~<.:~Olwj.:.c: lil~Y' u~ .t!.~ ldul1shtd~:.: . . .'
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<br />... ..0'. Subdi vision,.2 .;:: Use's>.0.f~~FUr1:d..:Such:funds -sheil'! be H'sed.
<br />appropria ten ,inCluding '-!.ny..interest earned thereon, ;wi t:~in t\<"enty~..
<br />tlur months f~om t.he date 'of .'the check received ~y ~he ~unicip~lity, .
<br />rsuant to tn,~ rever4ue shar.lng act, unless perrrass~on l.S obtal.ned
<br />- om the Secretary for a ~onqex Deriod within which-the funds may
<br />be utilized. ";.;P',e,:,-'m.ls.sion,^for::an ~xtension of t.ime in '\"hich to 'utilize
<br />". the fund m'us 'er;~'be;";;'~bt~:tnbcf!})y::'a:Pplic'a tionto the Se~r.et<lliy. Such .
<br />application vlill':sct forth.. the' facts and circumstanqe,s S11ppOrting'
<br />the~,needfo~l:!~,~::r:~;:.t,i?l~t':.lI~d;-:tl)(~;;amoun t of,ac1di tion0.I:.:t imerequired. .:.:
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<br />Subdi\tr~'i(\i1' "J. ,E:-:pe::ditures. 'fhc Hun.icipalitv shall provide
<br />fO:~ the eXPQ:~ditu:'.':::'off;:-ntltler!1Cr1t funJs in accnr.<1.ince with the
<br />lu-;'-;s and '..)j~,:-:..,;':.'durQs' Li.DD 1 i c~11) lr~ to the (~xncndi turc 0 fits m...n revenues.
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<br />Subd i -J is i on .~. !~::..couE.~:..i..!?_(L_ P2:-.~)_~:.c.-.~'~l r-cs . The i'iunici ):)<11 i ty
<br />shull us.~ the fisci1!., dccountinq, dncl !:c:portinq Droc{~durcs rela_ive
<br />to entitlement funds as are u,H;~d \\'ith r(;~sp('ct to expenditures made
<br />f ron rc~venl1(:s dc:~r i'l',',; f r;1m i b; O\<1n .L:ou.!:cr~s. The fiscal accounts
<br />sh.;111 be maintained in sllch J~\'-.mller as to parmi t the reports required
<br />L'y~. the Seen. taL)' tv b~' prc;Hln'c1 theref rom.
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<br />;;) u;xl i ';'1~; iun j. :'.f':xJm i nil t ion. The "Ill n ic: i oa 1 i ty , sha II prov ide
<br />to:_the Secretary "nd:.2o'thc-c-o;nptroller:;gcneral of the United-
<br />States, .on re<.lS9n-:1bh:~.,.'noti<.:e,' ,icce;:;s to and the right :to examine
<br /><"'uch bool c,' 'r10' i..u..'''''--.;,..,.......~;..._'.. n-,'r.Jers or r'e~'"'I.(l,'. '1" .thf' cpc..{~t"rv m"'y'
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<br />rei:sonauly r!(~qtfir(~ .f.;)r:' the! purpose of r(~vic\,:in(J comp~iancc \-lith
<br />the re\fcnw~ :::-=:hilrinqacl: andtll'::! cNHII<ltion:;of t.hispart or, in
<br />ca::v~ of U1f; Cor'lrJtr:ol.l0F:Qer.cra 1, as tlw cO!nnl:roller,.qeneral rn;'~y..
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