Bylaws.

A. Members shall adopt bylaws by no less than a majority vote of a quorum of the membership of the association setting forth: (1) the name of the association; (2) the requirement of an association seal; (3) the fiscal year of the association; (4) guidelines for membership, which shall include the sentence "Membership shall not be denied because of the applicant's race, color, creed, national origin or sex."; (5) guidelines for meetings of the membership, which shall include the date or time period of a membership meeting, required notice of a meeting, establishment of a quorum and the order of business to be conducted at a meeting of the membership; (6) the functions of the board of directors, including a conflict of interest policy for the board; (7) the duties of officers of the board of directors; and (8) provisions for the board of directors to establish rules to govern the day-to- day operations of the project, including a code of conduct for staff and provisions to establish an annual budget, rate structure, assessments and reserve funds. B. The bylaws, or any amendment thereof made as provided in Section 3-29-19 NMSA 1978, may also contain provisions not inconsistent with the Sanitary Projects Act or other law of this state that the organizers may choose to insert for the regulation and conduct of the business and affairs of the association. C. The department may prescribe by rule guidelines for bylaws and rules of an association.