Laserfiche WebLink
s:\eda\hra\bylaws.doc <br />516013v5 JSB EL185-13 <br /> <br /> (02) Execution of Contracts - Unless otherwise directed by the Authority, required by law <br />or required by State or Federal agencies furnishing funds to the Authority, all purchasing <br />contracts of the Authority shall be executed on behalf of the Authority as provided by the <br />Purchasing Policy set forth in the Financial Management Policies of the City of Elk River, as <br />amended from time to time. Non-purchasing contracts and other instruments of the <br />Authority shall be executed by the Chair, or other officer if the Chair is unavailable, and the <br />executive director, or the executive director’s delegate. <br /> <br />6.2) Disbursements <br /> <br /> (01) Federal Funds - All funds received from the Government of the United States or any <br />of its agencies shall be disbursed and accounted for in accordance with the regulations or <br />requirements from time to time made by the Federal agencies furnishing said funds to the <br />Authority. <br /> <br /> (02) Official Depository - All monies received by the Authority from any source <br />whatsoever shall be deposited in approved bank accounts of the Authority and shall be <br />disbursed only by check, except that petty cash funds not exceeding One Hundred Dollars <br />($100) at any time may be maintained by the Authority. <br /> <br /> (03) Checks - All checks drawn on bank accounts of the Authority shall indicate the fund <br />and, in the case of a project, the project to be charged. All checks shall be signed by the two <br />designated Commissioners of the Authority, or one officer of the Authority and the <br />Executive Director. <br /> <br />6.3) Ongoing Duties. The Authority shall evaluate and consider staff assignments, the status of <br />existing Authority projects, any modifications or amendments to the “Municipal Housing <br />and Redevelopment Act” and suggested amendments and changes to the Authority’s bylaws <br />from time to time as needed. <br /> <br />6.4) Official Newspaper. The official newspaper of the Authority shall be the official newspaper <br />of the City of Elk River, unless otherwise determined by resolution of the Authority. <br /> <br />6.5) Official Depository. The official depository of the Authority shall be the official depository <br />of the City of Elk River, unless otherwise determined by resolution of the Authority. <br /> <br /> <br />Article 7 <br /> <br />7.1) Advisory Committees <br />(01) The Authority shall maintain, at their discretion, volunteer advisory committees <br />which will act in an advisory capacity to the Authority. <br />(02) The advisory committees will include without limitation: