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meet with the chairmen, or their designates, of said agencies <br />at least quarterly, for the purpose of coordinating the plan- <br />ning, financing and construction activities of the various <br />agencies. <br />5.3 Lending and Borrowing of Funds Between Agencies. <br />When it is found to be beneficial to the purposes <br />of the Agency and the general purpose of improving transpor- <br />tation facilities in Orange County, the Board is authorized <br />to lend and borrow available funds and services to the <br />agencies described in Section 5.1 above, upon the approval of <br />not less than two thirds (2/3) of the members of the Board. <br />The Board shall specify the date and manner in which the <br />funds or services shall be repaid and may provide for the <br />payment of interest on the loan. <br />VI <br />BUDGETS AND DISBURSEMENTS <br />6.1 Annual Budget. <br />The Board shall adopt upon the approval of not less <br />than two thirds (2/3) of the members of the Board, an annual <br />budget, for the ensuing fiscal year, pursuant to procedures <br />developed by the Board. <br />6.2 Disbursements. <br />The auditor shall draw warrants upon the approval <br />and written order of the Board. The Board shall requisition <br />the payment of funds only upon approval of such claims or <br />disbursements and such requisition for payment in accordance <br />-19- <br />