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ARTICLE V. POWERS OF THE AUTHORITY <br /> <br />Section 1: General 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 those <br />specific powers enumerated in Section 2 of this Article. The Authority may refer <br />decisions for approval by the governing bodies of its member governmental units. The <br />Authority shall not have the power to levy property taxes nor the power 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 required <br /> of each governmental unit, in accordance with the provisions set forth in Article <br /> VII. <br /> <br />B. The Authority may enter into any contract necessary or proper for the exercise of <br /> its powers or the fulfillment of its duties and enforce such contracts to the extent <br /> available in equity or at law. The Authority may approve any contract relating to <br /> this Agreement up to the amount approved in the annual budget, and may <br /> authorize the Chair of the Authority to execute those contracts. No payment on <br /> any invoice for services performed by a consultant or any other person or <br /> organization providing services in connection with this Agreement shall be <br /> authorized unless approved by the Executive Committee. <br /> The Authority may provide for the employment, discipline or discharge of <br /> personnel required to accomplish the purpose of the Agreement. <br /> 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 as <br /> any federal or State requirements. <br /> <br />Co <br /> <br /> <br />