Participant Status. Small Water System Providers and Individual Water Providers are eligible to be Participants in the Authority. Participants may be charged fair and equitable costs or fees by the Board. Participants may enter into agreements with the Authority regarding interest, right, or title in or to any assets or equity of the Authority. The Board may promulgate additional rules and regulations regarding procedures for reviewing Participant petitions. (i) Individual Water Providers are Participants. They may request to withdraw from the Authority by following the procedure established by this Agreement. (ii) Small Water System Providers may become a Participant by submitting a petition and a signed Participation Agreement to the Board. Admission of Participants shall be at the Board’s sole discretion. Admission shall be granted when a majority of the duly elected Directors vote to admit an applicant.
Appears in 2 contracts
Sources: Creation Agreement, Creation Agreement
Participant Status. Small Water System Providers and Individual Water Providers are eligible to be Participants in the Authority. Participants may be charged fair and equitable costs or fees by the Board. Participants may enter into agreements with the Authority regarding interest, right, or title in or to any assets or equity of the Authority. The Board may promulgate additional rules and regulations regarding procedures for reviewing Participant petitions.
(i) Individual Water Providers are Participants. They may request to withdraw from the Authority by following the procedure established by this Agreement.
(ii) Small Water System Providers may become a Participant by submitting a petition and a signed Participation Agreement to the Board. Admission of Participants shall be at the Board’s 's sole discretion. Admission shall be granted when a majority of the duly elected Directors vote to admit an applicant.
Appears in 1 contract
Sources: Creation Agreement