Subject to the applicable provisions of any instrument or agreement to which the Chico public financing authority is a party and which provides for a trustee to receive, have custody of, and disburse authority funds, the treasurer of the authority shall receive, have custody of, and disburse all authority funds as may be necessary to carry out the purposes of the authority, all in accordance with generally accepted accounting practices.
(Res. No. 11 90-91 (part))