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providers under any funds covered by this Agreement. Each service provider will be <br /> required in its contract for services to maintain a faithful performance blanket bond <br /> and liability insurance coverage (or similar such coverage), which to the extent <br /> possible under prevailing insurance practices, shall name the member units of <br /> government as additional insured's. <br /> DESIGNATION OF FISCAL AGENT <br /> The elected officials of the member units of local government shall designate, by <br /> resolution, an organization to be the fiscal agent for funds received under this <br /> Consortium Agreement. The designation of this entity shall be based on <br /> recommendation(s) submitted to the elected officials by the Consortium Chief <br /> Elected Official Board and the Workforce Development Board. <br /> A redesignation of the fiscal agent can be requested at any time through a joint <br /> recommendation from both the Consortium Chief Elected Official Board and the <br /> Workforce Development Board. The elected officials of the member units of <br /> local government must affirm action through a resolution. A copy of the duly <br /> executed resolution designating the fiscal agent shall be attached to this <br /> document and incorporated herein by reference. <br /> ARTICLE VII: ESTABLISHMENT OF A WORKFORCE INVESTMENT BOARD <br /> The member units of government agree that the Workforce Development board shall <br /> established in accordance with Section 107 of the Workforce Innovation and <br /> Opportunity Act and applicable State of North Carolina laws including G.S. 1436- <br /> 438.11. <br /> The designated officials on the Consortium Chief Elected Official Board shall <br /> appoint members to the Workforce Development Board from among persons <br /> nominated or recommended by appropriate agencies, as provided for in the <br /> Workforce Innovation and Opportunity Act. <br /> The Workforce Development Board shall operate in accordance with by-laws <br /> established and approved by the Workforce Development Board. <br /> ARTICLE VIII: APPOINTMENT OF PERSONNEL <br /> Regional Consolidated Services shall provide staff and related support to the <br /> Workforce Development Board and to the Consortium Chief Elected Official <br /> Board. Regional Consolidated Services will provide staff for the administration <br /> of the Consortium's Workforce Innovation & Opportunity Act Plan. <br /> Consortium Agreement <br /> Rev.June 2015 Page 3 <br />