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_� �� -- ,� T �r . � �__ : _ ____ � _ ,. , <br />Section 2. Tl1e board may: <br />(a) enter into contracts to camJ out its powers and duties; <br />(b) provide for the prosecutioi�, defense, or other participation u� proceedings <br />at law or in equit�� in which it may ha��e an interest; <br />(c) employ such persons as it deems necessary on a part-time, full-time or <br />cot�sultant basis; <br />(d) purchase, hold or dispose of real and personal property; <br />(e) contract for space, commodities or personal sen�ices «�ith a member or <br />group of inembers; <br />(� accept �ifts, apply for and use grants or loans of money or other propert;� <br />from the state, the United States of America, and from other <br />jovernmenta] units and may enter into agreements in connection <br />therewith and hold, use and dispose of such money or property in <br />accorda�lce with the terms of the g-ift, grant, loan or a�reement relating <br />thereto. <br />(g) collect and analyze data, develop strategic recommendations and <br />inlplement marketing programs for the purpose of econonvc development <br />and retention of e�:isting businesses within the ,jurisdiction of areas of <br />operation of the parties. <br />AR�C�.E VIiI. FINANCI�, MATTEi2,S <br />Section 1. The fiscal year of RDC is the calendar year. <br />Section 2. The board shall adopt an initial budget and must thereafter adopt an a�inual <br />bu�i���c p�or to July 1 of each year. The board wi11 give an opportunit�� to each member to <br />�oinmer�t or object to the proposed budget before adoption. Notice of the adopteci budget must <br />'�� �3�i1P�1 pro!�ptl�� thereafter to the cluef adrrunist�ative officer of each member. The budget <br />rs deemed approved by each member unless, prior to Gctober lOth of that year a member gives <br />�t�er �� ��tic,� :;� �he Secretary-Treasurer that the member is withdr�winb at the end of the year <br />a.� ��av�ded iri this agreement. . <br />��ctior� 3. O�perational costs shall be sh��ed according ta a method a�-eed upon by <br />una,nnimoras vc�¢� of the Board of L�irectors. ihis method may include members�up dues an� fees, <br />a�id charg�s f�r s�rvice to mer:�bers. <br />