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9 <br />8. l.fi Employ agents and employees. <br />8.1.7 Acquire, construct, manage, maintain, or operate buildings, works, <br />or improvements. <br />8.1.8 Lease real or personal property, including that of a Member. <br />8.1.9 Receive, collect, and disburse manias. <br />8.1.10 Invest money in the treasury of the Authority in the same manner <br />and on the same conditions as local agencies pursuant to <br />Government Code Section 53 60 1. <br />8.1.11 Exercise all other powers necessary and proper to carry out the <br />provisions of thisAgreement. <br />8.1.12 Develop and implement Risk Management Programs. <br />83.13 Jointly purchase for the: benefit of Members, insurance, excess <br />insurance, reinsurance, and. enter into agreements for the benefit of <br />Members, for the purpose of transferring risk of loss to commercial <br />insurers or reinsurers or other insurance pools. <br />ARTICLE 99. RLSK MAtLAQKZ <br />Nr PROGRAMS. <br />9.1 The Governing Board shall establish Risk Management Programs as provided in <br />the .Auto orrity's .By -Laws. <br />9.2 No Risk Management Program shall become operational, or possess any <br />authority, until the proposed Risk Management Program By --Laws have been <br />AWmved by the Cmerning Board October I3, 2004 <br />10 <br />City Council 15 — 14 8/6/2024 <br />