Orange County NC Website
10 <br /> 5.03. Compliance with Law, The County shall comply or cause there to <br /> be compliance with all applicable laws, orders, rules, regulations and requirements of any <br /> governmental authority relating to the construction, use and operation of the Solid Waste <br /> System. Nothing in this Agreement, however, shall prevent the County from contesting <br /> in good faith the applicability or validity of any such law or other requirement, so long as <br /> the County's failure to comply with the same during the period of such contest will not <br /> materially impair the operation or revenue-producing capability of the Solid Waste <br /> System. <br /> 5.04. Budget, The County shall annually adopt a separate budget for the <br /> Solid Waste System in accordance with the County's usual budgetary process. <br /> 5.05. Records.Accounts and Audits; Other Reports. (a) The County <br /> shall segregate for accounting purposes all the accounts, moneys and investments of the <br /> Solid Waste System. <br /> (b) The County shall keep accurate records and accounts of all items of costs <br /> and of all expenditures relating to the Solid Waste System, and of the System Revenues <br /> collected and the application of System Revenues. Such records and accounts shall be <br /> open to any Party's inspection at any reasonable time upon reasonable notice. The <br /> County shall provide for the assets, liabilities and results of operations of the Solid Waste <br /> System to be presented in the County's annual audit as a separate enterprise fund, in <br /> accordance with generally accepting accounting principles. <br /> (c) The County shall make, or cause to be made, any additional reports or <br /> audits relating to the Solid Waste System as may be required by law. The County, as <br /> often as may reasonably be requested, shall furnish such other information as the County <br /> may have reasonably available concerning the Solid Waste System or its operation as the <br /> Commission or any Party may reasonably request. <br /> 5.06. Rates.Fees and Charges. The County shall fix and revise from time to <br /> time a system of rates, fees and charges for the use of, and for the services provided by, <br /> the Solid Waste System which is reasonably designed to pay in full all the costs (and only <br /> Lthe costs) of carrying out the County's responsibilities under this Agreement and the Solid <br /> Waste Management Plan] including (a) to the extent the County is so authorized under the <br /> Solid Waste Management Plan, costs of collecting Recyclables, and (b) costs of solid <br /> waste reduction activities. XThe County may revise any rates, fees and charges at any <br /> time, and shall not be limited in the number of times in any Fiscal Year that it changes the <br /> schedule of rates, fees and charges. <br /> 5.07. Mixed Solid Waste Tipping Fee. f4a The County may increase the <br /> Mixed o 1 Waste Tipping Fee from time to time in its discretion with at least 30 days' <br /> notice of the increase to all other Parties. The County may not, however, increase the <br /> Mixed Solid Waste Tipping Fee during or at the beginning of any Fiscal Year to a fee that <br /> exceeds the Mixed Solid Waste Tipping Fee in effect at the end of the preceding Fiscal <br /> 8 <br />