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6.3.A. - Page 15 <br /> The Authority shall appoint nine (9) members of its Board to serve on an Executive <br /> Committee. <br /> b. Powers and Limitations <br /> The Executive Committee shall act in an advisory capacity and make <br /> recommendations to the Authority Board. Duties will include, but not be limited to, review of the <br /> quarterly and annual budgets, service as the Audit Committee for the Authority, periodically <br /> review this Agreement; and complete any other tasks as may be assigned by the Board. The <br /> Executive Committee shall be subject to all limitations imposed by this Agreement, other <br /> applicable law, and resolutions of the Board. <br /> c. Quorum <br /> A majority of the Executive Committee shall constitute a quorum for transacting <br /> business of the Executive Committee. <br /> 11. Disposition of Assets <br /> Upon termination of this Agreement, all remaining assets and liabilities of the Authority <br /> shall be distributed to the respective Members in such manner as shall be determined by the <br /> Board and in accordance with the law. <br /> 12. Agreement Not Exclusive; Operation in Jurisdiction of Member <br /> This Agreement shall not be exclusive, and each Member expressly reserves its rights to <br /> carry out other public capital improvements and programs as provided for by law and to issue <br /> other obligations for those purposes. This Agreement shall not be deemed to amend or alter the <br /> telins of other agreements among the Members or Associate Members. <br /> 13. Conflict of Interest Code <br /> The Authority shall by resolution adopt a Conflict of Interest Code as required by law. <br /> 14. Contributions and Advances <br /> Contributions or advances of public funds and of personnel, equipment or property may <br /> be made to the Authority by any Member, Associate Member or any other public agency to <br /> further the purpose of this Agreement. Payment of public funds may be made to defray the cost of <br /> any contribution. Any advance may be made subject to repayment, and in that case shall be repaid <br /> in the manner agreed upon by the advancing Member, Associate Member or other public agency <br /> and the Authority at the time of making the advance. <br /> 15. Fiscal Year;Accounts; Reports;Annual Budget;Administrative Expenses <br /> a. The fiscal year of the Authority shall be the period from January 1 of each year to <br /> and including the following December 31, except for any partial fiscal year resulting from a change <br /> Page 8 of 13 <br />