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reql~ired by Minnesota <br />promulgated and adopted <br />members also understand <br /> <br /> Statutes Section 103B.235 and/or by rules <br />by the Board of Water and Soil Resources. The <br /> <br /> that the overall plan and capital improvement <br /> <br />program required for the entire Watershed must consist of the local parts in <br />the plan and therefore every effort shall be made by the Commission to <br />coordinate the local plans with the Watershed's overall plan. The members <br />further understand and agree that upon completion and approval of the <br />overall plan required by Minnesota Statutes 103B.231, each member will be <br />required to present their local management plan to the Commission as <br />required by Minnesota Statutes, Section 103B.235. It is therefore <br />important that each member provide the Commission with their best effort to <br />coordinate and plan for the individual member's local plan at the same time <br />the watershed overall plan is being assembled. <br /> <br /> FIN3~NCES <br /> <br /> VIII. <br /> <br /> Subdivision 1. The Commission funds may be expended by the Board <br />in accordance with this agreement and in accordance with the procedures as <br />established by law and in the manner as may be determined by the Board. The <br />Board shall designate one or more national or state bank or trust companies, <br />authorized by Chapters 118 and 427 of the Minnesota Statutes to receive <br />deposits of public moneys and to act as depositories for the Commission <br />funds. In no event shall there be a disbursement of Commission funds <br />without the signature of at least two Board members, one of whom shall be the <br />Treasurer or Authorized Deputy Treasurer. The Treasurer shall be required <br />to file with the Secretary of the Board a bond in the sum of at least $10,000 <br />or such higher amount as shall be determined by the Board. The Commission <br />shall pay the premium on said bond. <br /> <br /> <br />