Laserfiche WebLink
for expenditure of funds by the parties to this agreement. Contracts <br /> shall be let and purchases made in accordance with the laws appli- <br /> cable to the parties to this agreement. <br /> 8. Funds. The Board may accept gifts, apply for and use <br /> grants or loans of money or property from members or other govern- <br /> mental units,. or organizations and may enter into. agreements , <br /> required in connection therewith and may hold, use, and dispose <br /> of such monies or properties in accordance with the terms of the <br /> gift, grant or loan agreement relating thereto. It may accept <br /> voluntary contributions from its members if the members determine <br /> that unusual circumstances warrant their providing financial <br /> support to the squad, but the Board shall have no taxing power. : <br /> . It- may accumulate reserve funds and may invest and reinvest . its . <br /> • funds fiat neeu Cif for cu rent. opc:- i::7 .. :pe:.sca _ . 4.. <br /> subject to the limitations applicable by law to the parties to <br /> this agreement. The Board may not incur obligations. in excess <br /> of funds then available to it. <br /> 9. Responsibility and Indemnification. <br /> A. For the purpose of this .paragraph, the following <br /> terns shall have the meanings given them herein: <br /> a) - "Sending Agency" means each governmental <br /> unit contributing police personnel to the <br /> Squad . in accordance with Section 5 of this <br /> Agreement. <br />