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gift, grant or services borrowed and the identity of the donor or | | lender. |
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| | | 8.__Bylaws. The governing board shall adopt bylaws for the | | conduct of the business of the insurance fund and has the power | | to amend and rescind those bylaws. The governing board shall | | publish its bylaws in convenient form and shall file a copy | | thereof and a copy of any amendment thereto with the appropriate | | agency or officer in each of the party states. |
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| | | 9.__Report. The governing board annually shall make to the | | governor and legislature of each party state a report covering | | the activities of the insurance fund for the preceding year. The | | governing board may make additional reports it considers | | desirable. |
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| | | 10.__Other powers. In addition to the powers and duties | | specifically authorized and imposed, the governing board may do | | other things necessary and incidental to the conduct of its | | affairs pursuant to this compact. |
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| | | §2316. Compact and insurance fund administration -- Article V |
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| | | 1.__Administration. In each party state there is a compact | | administrator who is selected and serves in such a manner as the | | laws of the administrator's state provide and who shall: |
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| | | A.__Assist in the coordination of activities pursuant to the | | compact in the administrator's state; and |
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| | | B.__Represent the administrator's state on the governing | | board of the insurance fund. |
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| | | 2.__United States representatives. If the laws of the United | | States specifically so provide, or if administrative provision is | | made therefor within the Federal Government, the United States | | may be represented on the governing board of the insurance fund | | by up to 3 representatives. Any such representative or | | representatives of the United States must be appointed and shall | | serve in a manner provided by or pursuant to federal law, but no | | such representative has a vote on the governing board or on the | | executive committee. |
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| | | 3.__Meetings. The governing board shall meet at least once | | each year for the purpose of determining policies and procedures | | in the administration of the insurance fund and, consistent with | | the compact, supervising and giving direction to the expenditure | | of money from the insurance fund. Additional meetings of the | | governing board must be held on call of the chair, the executive | | committee or a majority of the membership of the governing board. |
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