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-2 - <br />BE IT FURTHER RESOLVED that this Board of Supervisors hereby <br />places the following requirements on the SWCEF: <br />1. The SWCEF shall dedicate its revenue exclusively to financing <br />closure and/or postclosure maintenance of the Harney Lane, <br />North County, and Foothill Sanitary Landfills; <br />2. The SWCEF will provide equivalent protection to a trust fund <br />in ensuring that the assured amount of funds will be <br />available in a timely manner for closure and/or postclosure <br />maintenance of the Harney Lane, North County, and Foothill <br />Sanitary Landfills; <br />3. The revenue deposited into the SWCEF will be used exclusively <br />to finance closure and/or postclosure maintenance for the <br />above landfills and will remain inviolate against all other <br />claims, including claims by the County of San Joaquin, its <br />governing body, and the creditors of the County of San <br />Joaquin and its governing body; <br />4. The CWMB is authorized to direct the County of San Joaquin to <br />pay closure or postclosure maintenance if the CWMB determines <br />that the County of San Joaquin has failed to perform closure <br />or postclosure maintenance activities covered by the SWCEF; <br />'�5:-. The County Department of Public Works shall be responsible <br />for the administration of the SWCEF and shall utilize such <br />accounting and financial methods as prescribed by the County <br />a Administrator and the County Auditor - Controller; <br />6. The'County Auditor -,Controller shall maintain and disburse <br />the assured funds,in conformance with applicable State <br />regulations. <br />7. The County Auditor - Controller is authorized and directed to <br />to maintain the SWCEF-and to complete financial statements as <br />deemed appropriate on an annual basis; <br />8. When investing the revenue deposited into the SWCEF, the <br />County Treasurer shall exercise investment discretion similar <br />to a trustee; <br />9. The SWCEF shall meet other requirements that the CWMB <br />determines are needed to ensure that the assured amount of <br />funds will be available in a timely manner for closure and <br />postclosure maintenance of the above landfills. <br />