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Section 1.3. Effective Date of Agreement. This Agreement shall become effective when signed
<br /> by all current Member Jurisdictions and shall supersede the JEPA and any other prior
<br /> agreements.
<br /> Section 1.4. Term. This Agreement shall remain in full force and effect so long as two or more
<br /> Member Jurisdictions remain parties to the Agreement or until it is superseded by a future
<br /> agreement.
<br /> ARTICLE II: POWERS
<br /> Section 2.1. Enumeration of Powers. Subject to the other terms and conditions of this
<br /> Agreement and any restrictions provided in law, Authority shall have the power to:
<br /> (a) Own, develop, operate, maintain, and administer a public transportation system, or
<br /> contract with any person, firm, or public agency to use, manage, or operate such
<br /> transportation system or portions thereof, for public transit purposes;
<br /> (b) Make and enter into contracts, including contracts with any person, firm, or public
<br /> agency, to provide public transportation facilities and services, or to improve such
<br /> facilities and services.
<br /> (c) Apply for, receive, and utilize all forms of financial assistance available for public
<br /> transportation facilities or services, including contributions, grants, allocations, loans,
<br /> revenues, or other assistance from MTC, State, Federal, or other sources available for
<br /> the planning, acquisition, construction, maintenance, operation, administration, or
<br /> other support of such facilities or services; provided that, on behalf of Member
<br /> Jurisdictions, Authority shall further be empowered to directly apply for, receive, and
<br /> utilize such financial assistance for which Member Jurisdictions are eligible,
<br /> including, without limitation, TDA funds. The Member Jurisdictions specifically
<br /> agree to the following provisions relating to funding:
<br /> 1) Except as specifically provided by Section 2.2, Member Jurisdictions shall not
<br /> compete with Authority for TDA public transit funds within the Service Area.
<br /> 2) In contracting for public transportation services as authorized by sub-section
<br /> 2.1(b) hereof, Authority is empowered as part of and in support of such
<br /> contract and for the term thereof, to commit itself to apply for, receive, and
<br /> expend TDA and other financial assistance for which Authority may apply
<br /> under this sub-section 2.1(b). Member Jurisdictions shall be bound by and
<br /> carry out such commitment of Authority during the term of such contract,
<br /> notwithstanding termination of this Agreement, subject to equitable
<br /> adjustments required by Section 6.9.
<br /> 3) Member Jurisdictions shall provide such reasonable assurances and perform
<br /> such reasonable acts, including execution of claims and grant applications, as
<br /> are reasonably necessary to give effect to this Article.
<br /> (d) I-Iire and employ agents and employees, and contract for professional or other
<br /> consultants and services, and reimburse Member Jurisdictions for the value of
<br /> services rendered;
<br /> (e) Adopt By-Laws to further establish and govern the Board of Directors' procedures,
<br /> substantive responsibilities, and organizational structure;
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