2013/12/11 Council Agenda Packet

I b. Election to Convert to Subscriber. A Principal may elect to convert to Subscriber status effective the first day of the next budget period by giving notice of its intent to the Governing Board not less than eight(8)months in advance of such effective date;provided that, a Principal may not exercise such election to take effect within the Initial Term. Such conversion shall be effective as proposed without further action of the Executive Board,barring any basis for terminating the Principal and action thereon by the Executive Board. c. New Principals. A city or town otherwise meeting the qualifications of a Principal in Section 3.z hereof may be admitted to the PORTAL AGENCY as a Principal upon Supermajority Vote of the Executive Board as required under Section 7.k and its approval and execution of a document confirm. Similarly, a Subscriber may apply to the Executive Board to be converted to Principal status. As a condition of becoming a Principal,whether by conversion or new admission,the Executive Board may require payment or other contributions or actions by the new Principal as the Executive Board may deem appropriate consistent with the Bylaws and Portal Operations Policy, and may set such start date for service as it deems appropriate, it being the intention that the addition of new Principals shall not cause then-existing Principals to incur additional costs. d. New Subscribers. The determination of whether to accept Subscribers shall be made by the Executive Board in a manner similar, and subject to such terms and conditions, as that for accepting new Principals, it being the intention that the addition of new Subscribers shall not cause then-existing Principals or Subscribers to incur additional costs. SECTION 9. TAX AND FINANCE OPERATIONS COMMITTEE. a. _ Role and Responsibilities. A Tax and Finance Operations Committee ("Operations Committee") shall be established to provide advice and recommendations to the Executive Board. The Executive Board may determine to direct the Operations Committee to perform specific responsibilities within Board-defined parameters. The Operations Committee shall endeavor to promote interagency collaboration,cooperation and information sharing between PORTAL AGENCY Principals and Subscribers. The Operations Committee shall: i. Assist in the review and development of Portal Operations Policy and amendments thereto,Portal development options,proposed new service options, and such other matters as the Executive Board may direct; ii. Make reports and recommendations to the Executive Board from time to time on matters the Operations Committee deems appropriate; iii. Assist in the review and development of proposed PORTAL AGENCY budgets; 16 v. 11.5.13 21