Article X - Delegation of Authority

Article X - Delegation of Authority. A. The Executive Director shall have the authority to delegate, in the Executive Director's discretion, the powers and duties herein conferred or imposed upon the Executive Director, to subordinate staff members or employees, but such delegation of power shall 139504.1 not relieve the Executive Director of any responsibilities imposed by the Authority or by the By-Laws of the Authority. B. Functional Committees: The following Functional Committees shall be established and served in accordance with Article IV of these By-Laws: 1. Finance Committee to consist of the Secretary and Treasurer of the Board of Port Commissioners. The Finance Committee will include functions such as monitoring financial management information; review and recommendations regarding operating budgets; act as an Audit Committee in association with the preparation of the Port Authority's annual financial reports. 2. Administration Committee to consist of the Vice President and the Commissioner having the least completed service. The Administration Committee will include functions such as monitoring the Port Authority's operational matters and shall review and make recommendations regarding real estate matters. C. The primary objectives of the Functional Committees are: 1. To assist the Board in completely reviewing appropriate matters that come before the Board of Port Commissioners. 2. To make timely and complete reports and/or recommendations as necessary to the Board of Port Commissioners 3. To become the liaison between the Board and the Executive Director on items within the concern of the particular committee. D. The Functional Committees shall act as an investigative arm of the Board on matters within the specific subject matter of the Functional Committee and shall report to the Board on these matters. The President of the Board of Port Commissioners shall serve as an ex-officio member of all Functional Committees. The Executive Director shall maintain a set of Committee Procedures setting forth the scheduling and operations of the Functional Committees. E. No Committee of the Board is delegated any authority by the Board of Port Commissioners to take any action on behalf of the Board of Port Commissioners. No Committee shall take any action on behalf of the Board of Port Commissioners, and any action taken by a Committee in violation of these By-Laws shall be void and of no force and effect.