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<br /> Adopted by the UNRBA Board of Directors Feb. 16, 2011
<br /> participating local governments to coordinate and fund common technical resources; (c) planning for
<br /> and conducting water quality monitoring in the Falls Lake Watershed in coordination with the
<br /> Department of Environment and Natural Resources; (d) coordinating with the Department of
<br /> Environment and Natural Resources in the development of a transparent and accessible system for
<br /> recording and maintaining nutrient offsets and credits that complies with any rules adopted to protect
<br /> and restore water quality in the Falls Lake Watershed; (e) providing a public forum to review and
<br /> discuss innovative approaches to restore, protect, and maintain water quality in the Falls Lake
<br /> Watershed; and (f) conducting and evaluating scientific research that describes or predicts conditions
<br /> related to or affecting water quality in the Falls Lake Watershed, including the reservoir.
<br /> In addition, the Association, as directed by its board of directors, may advocate on behalf of its
<br /> members for changes in legislation, rules, or administrative policy related to or affecting the Falls
<br /> Lake Watershed, may engage in other activities otherwise allowed by law that relate in any way to
<br /> water quality and wastewater management in the Falls Lake Watershed, and may conduct and
<br /> exercise all powers, rights and privileges granted to non-profit corporations under the Nonprofit Act;
<br /> provided, however, that the Association shall not engage in any activity authorized by this provision
<br /> that would jeopardize the federal income tax exemption of the Association under Section 501(c)(3)
<br /> of the Internal Revenue Code.
<br /> 3. The Association is organized and shall operate exclusively for the aforesaid purposes, and in
<br /> connection therewith its scope of activities shall include accepting, buying, selling, owning, holding,
<br /> operating, mortgaging, insuring,pledging, assigning, transferring or otherwise receiving or disposing
<br /> of real and personal property; provided, however, that the Association shall not engage in any
<br /> activity authorized by this provision that would jeopardize the federal income tax exemption of the
<br /> Association under Section 501(c)(3) of the Internal Revenue Code.
<br /> 4. The Board of Directors may authorize, amend or restate operating guidelines, plans, practices,
<br /> procedures, and rules and regulations from time to time in order to effectively implement the
<br /> purposes of the Association.
<br /> ARTICLE V—FINANCES
<br /> The Association shall raise funds by the collection and receipt of membership dues, gifts of
<br /> money and property, grants, contributions, donations, bequests, and receipts for services performed;
<br /> provided, however, that all such funds must be accepted by the Board of Directors on behalf of the
<br /> Association.
<br /> All funds collected and received by the Association, together with the income therefrom shall be
<br /> deposited, held, retained, managed and conserved in a capital fund(or funds) and administered, used and
<br /> applied by the Association in the sole discretion of the Board of Directors in accordance with the
<br /> purposes described in Article IV of these Bylaws and the Articles and as provided in Article VI. The
<br /> Board of Directors may accept revenues and properties that are qualified, conditioned, limited or
<br /> restricted in their use; provided, however, that such qualifications, conditions, limitations and
<br /> restrictions shall not conflict with the purposes of the Association set forth in these Bylaws and the
<br /> Articles. Unless otherwise specifically required, such restricted revenues and/or property may be
<br /> mingled with other funds of the Association.
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