69-3-843. (Temporary) Fund administrator. (1) A fiscal agent and daily administrator must be selected to receive and distribute funds under 69-3-841, 69-3-842, 69-3-844, 69-3-845, and this section.
     (2) The fiscal agent must be selected by the commission based upon a competitive bidding process after an opportunity for public comment on the specific qualifications required of the fiscal agent. A telecommunications carrier is not eligible to be the fiscal agent. The duties of the fiscal agent must be determined by a contract consistent with 69-3-841, 69-3-842, 69-3-844, 69-3-845, and this section. The contract term of the fiscal agent must expire December 31, 2001.
     (3) The fiscal agent shall provide monthly reports of fund activities to the commission and shall provide audits annually by a certified public accountant in a manner determined by and under the direction of the commission.
     (4) The fund financial accounts of the fiscal agent must be available at reasonable times to any telecommunications carrier in the state and to the public. The commission may investigate the accounts and practices of the fiscal agent and enter orders concerning the accounts and practices. (Terminates December 31, 2001--sec. 6, Ch. 187, L. 1999.)

     History: En. Sec. 13, Ch. 349, L. 1997; amd. Sec. 1, Ch. 187, L. 1999.