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48.5. Treasurer

If appointed, the Treasurer shall, in collaboration with the Executive Director and Director of Finance/Chief Financial Officer, support the Board in achieving its fiduciary duties. The role shall support secure custody of the funds and securities of the Fund and shall ensure full and accurate accounts of all assets, liabilities, receipts and disbursements of the FundCorporationin the books belonging to the FundCorporation. The Treasurer shall be responsible for the maintenance of proper accounting records in compliance with the Act as well as the deposit of money, the safekeeping of securities and the disbursement of funds of the FundCorporation; whenever required, the Treasurer shall render to the Board an account of all such person’s transactions as treasurer and of the financial position of the FundCorporation. Any functions and duties of the Treasurer may be delegated by the Board to the Executive Director of the FundCorporation. This position shall not be remunerated for their services, provided that for the purposes of this Article, they are entitled to have reimbursed any cost incurred by them in performance of their duties and to receive an annual honorarium as determined by the Board and provided for in the budget.
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