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(b) Assist in the preparation of the Annual Budget; <br />(c) Make recommendations regarding requests for expenses in excess of budget; <br />(d) Review quarterly and annual financial reports; and <br />(e) Review all applications for membership in the Pool and make a <br />recommendation to the Board of Trustees. <br />3.4.2 Other Committees. The Board may designate other advisory or ad hoc committees and <br />delegate authority to them in accordance with this Agreement and applicable Minnesota <br />statutes and rules. The Board shall consider, but is not required to adopt, committee <br />recommendations and proposals. <br />ARTICLE IV. MEMBERSHIP <br />4.1 Powers, Duties, and Responsibilities. Each Participating Member shall fulfill the duties and <br />responsibilities as outlined herein. At the discretion of the Board of Trustees, failure by a <br />Participating Member to fulfill its duties and obligations may constitute the basis for expulsion <br />pursuant to Section 4.7.2 herein. These duties and responsibilities include, but are not limited to: <br />4.1.1 Compliance. The duty to fully comply with this Agreement, as written or amended; any <br />delegation of authority from the Board of Trustees; Board policies and procedures; and <br />applicable Minnesota statutes and rules. <br />4.1.2 Financial Obligations. The duty to pay to the Pool all Premiums, assessments, and other <br />required contributions within the expected timeline and in the appropriate amounts. <br />4.1.3 Participation. The duty to actively participate in Annual Meetings and other Pool -related <br />matters as requested or required by this Agreement or the Board of Trustees, and to <br />promptly act on matters requiring resolution of the Member's governing body. <br />4.1.4 Cooperation. The duty to fully cooperate with the Board of Trustees, the Pool's Service <br />Company and Financial Administrator, and any other service provider engaged by the <br />Board. <br />4.1.5 Communication. The duty to notify Covered Persons within thirty (30) days if the <br />Participating Member withdraws or is expelled from the Pool and any other circumstance <br />in which the Member is obligated to provide notice to Covered Person. <br />4.2 Contractual ❑blipations. <br />4.2.1 Continuing Duties and Responsibilities. The duties and responsibilities of Participating <br />Members, including the duty to comply with this Agreement, shall continue throughout <br />the Member's participation in the Pool and thereafter as required herein. <br />4.2.2 Enforcement. This Agreement may be enforced in law or equity by the Board of Trustees <br />or any Participating Member. <br />Page 7 of 24 <br />