POWERS AND DUTIES OF THE BOARD. 6.1. The powers of the Authority are vested in and exercised by the Board. The Board shall exercise its powers in accordance with the Applicable Laws in such a way as to best meet the purposes and needs of the Authority. 6.2. Unless otherwise delegated by the Board, the responsibilities of the Board include, but not be limited to: a. Ensuring the Authority abides by the Applicable Laws and this Charter; b. Establishing, amending, and interpreting Authority rules, regulations, and policies; c. Monitoring whether the financial, management, and operational procedures, decisions, and controls of the Authority comply with the rules, regulations, and policies of the Authority; d. Monitoring and taking actions to ensure the fiscal integrity of the Authority; e. Authorizing bonds and other debt instruments of the Authority, and ensuring compliance with all requirements, covenants, and representations in such bond documents and other debt instruments. f. Approving contracts binding on the Authority; g. Approving engineering plans and specifications, construction plans, operations and maintenance plans, and finance plans for the Replacement Bridge; and
Appears in 3 contracts
Sources: Commission Formation Agreement, Commission Formation Agreement, Commission Formation Agreement