Page:United States Statutes at Large Volume 87.djvu/835

 87 STAT. ]

PUBLIC LAW 93-198-DEC. 24, 1973

803

GENERAL A N D SPECIAL F U N D S

SEC. 450. The general fund of the District shall be composed of those District revenues which on the effective date of this title are paid into the Treasury of the United States and credited either to the general fund of the District or its miscellaneous receipts, but shall not include any revenues which are applied by law to any special fund existing on the date of enactment of this title. The Council may from time to time establish such additional special funds as may be necessary for the efficient operation of the government of the District. All money received by any agency, officer, or employee of the District in its or his official capacity shall belong to the District government and shall be paid promptly to the Mayor for deposit in the appropriate fund. CONTRACTS E X T E N D I N G BEYOND O N E YEAR

SEC. 451. No contract involving expenditures out of an appropriation which is available for more than one year shall be made for a period of more than five years unless, with respect to a particular contract, the Council, by a two-thirds vote of its members present and voting, authorizes the extension of such period for such contract. Such contracts shall be made pursuant to criteria established by act of the Council. A N N U A L BUDGET FOR THE BOARD OF EDUCATION

SEC. 452. With respect to the annual budget for the Board of Education in the District of Columbia, the Mayor and the Council may establish the maximum amount of funds which will be allocated to the Board, but may not specify the purposes for which such funds may be expended or the amount of such funds which may be expended for the various programs under the jurisdiction of the Board of Education. Subpart 2—Audit DISTRICT OF COLUMBIA

AUDITOR

SEC. 455. (a) There is established for the District of Columbia the offjce of Office of District of Columbia Auditor who shall be appointed by the co^iumbia AudiChairman, subject to the approval of a majority of the Council. The tor. District of Columbia Auditor shall serve for a term of six years and Establishment. shall be paid at a rate of compensation as may be established from time to time by the Council. (b) The District of Columbia Auditor shall each year conduct a thorough audit of the accounts and operations of the government of the District in accordance with such principles and procedures and under such rules and regTilations as he may prescribe. In the determination of the auditing procedures to be followed and the extent of the examination of vouchers and other documents and records, the District of Columbia Auditor shall give due regard to generally accepted principles of auditing including the effectiveness of the accounting organizations and systems, internal audit and control, and related administrative practices. (c) The District of Columbia Auditor shall have access to all books, Records, accounts, records, reports, findings and all other papers, things, or ^^^^'^^'yproperty belonging to or in use by any department, agency, or other instrumentality of the District government and necessary to facilitate the audit. (d) The District of Columbia Auditor shall submit his audit reports submut*a?fo°con. to the Congress, the Mayor, and the Council. Such reports shall set gresT, Mayor, and forth the scope of the audits conducted by him and shall include such Council.

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