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The Authority dull appoint tulle (IJ) 111cluben o ifs Board to servc oat all l;xeculive <br />Untmdttce, <br />11. Powers krud hlmitato <br />'1'itc Executive colnnlittec shall net in ;ill advisory capacity and make <br />rcrnnuamnd;dines w the Autun'uy ESosuYl. Duties vill Itlrtt(tle, but unt he limited in, review of file <br />tlua r(erly ;urd Mutual budgets, scevice as the Audit Commiucc for the Audtority, periodically <br />review this Agmenrcatt and complete my other tasks as fully be assigtucd by the BOW. The <br />f;xccutive Corumiucc shall be subject to all Wlliatious iloposcd by this Ageclneut, other <br />applicable Lov, and resoluliuus or tlac 11mixil. <br />C. Quorum <br />A nu4ority of the EAceutive Committee shall constitute a quorum for tra nsaetnag <br />bushiest; of tlic Executive Conuuittm. <br />11. Disposition ofAssets <br />Upou tennination of this Aµmen)eut, all remaitiltlg assets fluff liabilities or the Authority <br />shall be distributed to (lie respective Members in such loather as shrill be determined by the <br />Board and ill fuY•ordaure with the law. <br />12, Agreement Not Exclusive; Operation, in Jurisdiction, of Member <br />This Agrecnucut shrill not be exclusive, and each Member expressly reserves its rights to <br />carry out other public capital improvernenus and programs ws provided for by law and to issue: <br />other oblimutious for (hose purposes. '17tis Agrectucut shall trot be deemed to amend or after the <br />terms of other agmenients among the Members or Associate Members. <br />13, Conflict of Tuterest Cade <br />rule Authority shall by resolution attopt a coulliv( of lattrest Code as required by law. <br />14, Comdbutioull wd!l dvauces <br />C`+)W)tributions or advauce5 of public fuurls and of personuuh e(tuipmcut or property uwy <br />be made to flit, Atubority by any ,Member, Associate Member or ruty other public agency to <br />further the purpose otitis Agrecnrcut. Paymcut of 1)ublic fuurls may be made to (101Ay thr rust of <br />any rnntrlbutiou. Any advance may 1w trade subject to repayr clu, and in that rase shall be repaid <br />ill flit,, ucuuler ageed upon by tine a(lvturciag NEenlber, Associate klentber or other public agency <br />and tlu: Aulliority at the tine: of making the advance. <br />15. Fiscal Year, Accouuta; Reposes; Anuun Budget; Administrative Expenses <br />It. ills lisr'rd year ol'dre Authorityshall be the I>criod tcnm,lkuutttry I oreach yr:artn <br />Mid including like foilowho; Dcremhcr A I, exvept fur ;uly partial fiscal Year rrsuttiug from a charge <br />Resolution No. 2015-044 <br />Page 11 of 16 <br />