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within the boundaries of the Watershed each vicar to the total area in the <br />Watershed. <br />(3) Capital costs allocated under the_50%area/50% net tax capacity formula <br />set forth above may be varied bv a two-thirds vote of the commission if: <br />Subdivision 13. Lo Tlte-L-RWVA4Q-s44ctll <br />authority to review t4i.e-f!',,41-1,3ber Cities' lo <br />Fe <br />Statutes, Seet-ieH-101B.235 andior by Lutes -pi -on <br />rd ofWatertuid- <br />jj Member community receives a direct benefit from_the capital <br />improvement which benefit can be defined as a lateral as well as a <br />trunk benefit, or <br />(ii) the capital improvement provides a direct benefit to one or more <br />Members which benefit is so disproportionate as to rewire in a <br />sense offairness a modification in the 50/50 formula. <br />(4) Arty credits. to due a Member for lands acquired bv said Member to pond <br />or store storm and surface water as provided herein shall.,.be allowed_ <br />noinst costs due under this section. <br />5.8 Emergency Projects. The Corrunissioi may_perfonu emergency projects in accordance <br />with Minn, Stat. § I0313.252. <br />6.1 VIUGenerall. <br />(a) <br />SECTION VI <br />FINANCES <br />Subdivision I Authority. The LRRWMOCommission funds may be expended by <br />the Board in accordance with this agfeementAgreement flid in accordance with <br />the procedures as established by law and in the manner as may he deterrnin.ed by <br />the Boit d The Boaid thu1l deigniite one oi• Fe-wartiem±1-er--state-bailk-ef-tRit- <br />ate-Stetittel, Chapters 14-8-and 12-74e-receive <br />dpeits-efptfb4ie-moneys-a+id-to a a a-s-depositeFies for the LRRWMO fund-57- <br />Funds. The Commission shall have a general fund and may establish such other <br />funds and accounts as it may determine are needed. <br />i) Disbursements. In no event shall there be a disbursement of <br />TARW-40Commission funds without the signature of at least two Board <br />members, one of whom shall be the Treasurer or Atithefized-Deputythe <br />Treasurer's authorized demo/. <br />438645v4LWIOS <br />25 <br />