Laserfiche WebLink
I <br />I <br />I <br /> <br />ARTICLE V. POWERS OF THE AUTHORITY <br /> <br />Secti01~ 1; Geq~ral Powers. <br /> <br /> The Authority is hereby authorized to exercise such powers as are necessary <br />and proper to fulfill its purpose and perform its duties. Such powers shall include <br />those specific powers enumerated in Section 2 of this Article. The Authority may <br />refer decisions for approval by the governing bodies of its member governmental <br />units. The Authority shall not have the power to levy property taxes nor the power <br />to issue bonds. <br /> <br /> Section 2: Specific Powers. <br /> <br />A. The Authority shall adopt an annual budget, together with a statement of the <br /> sources of funding and an estimate of the proportion of such amounts <br /> required of each governmental unit, in 'accordance with the provisions set <br /> forth in Article VII. <br /> <br />B. The Authority may enter into any contract necessary or proper for the <br /> exercise of its powers or the fulfillment of its duties and enforce such <br /> contracts to the extent available in equity or at law. The Authority may <br /> approve any contract relating to this Agreement up to the amount approved <br /> in the annual budget, and may authorize the Chair of the Authority to <br /> execute those contracts. No payment on any invoice for services performed <br /> by a consultant or any other person or organization providing services in <br /> connection with this Agreement shall be authorized unless approved by the <br /> Executive Committee. <br /> <br />C. The Authority may'proVide for the employment, discipline or discharge of <br /> personnel required to accomplish the purpose of the Agreement. <br /> <br />D. The Authority may disburse funds in a manner which is consistent with the <br /> method provided by law for the disbursement of funds by counties, as well <br /> as any federal or State requirements. <br /> <br /> <br />