JPA (JOINT POWERS AUTHORITY) AMENDMENT

The portion of each Program Premium allocated for payment of claims and losses, if any, shall be held by the Authority in trust for the Program Participants in separate trusts for each Program. The Treasurer shall receive, invest, and disburse funds only in accordance with procedures established by the Board and in conformity with applicable law. ARTICLE XVI ADMINISTRATIVE PREMIUMS The Board shall establish the Administrative Premium for each Member Entity. The Board shall approve a formula for allocating the Administrative Premium among Member Entities for each Coverage Period. The Administrative Premium is due and payable at the inception of coverage and is subject to penalties and interest fixed by the Board if not paid within forty-five (45) days of the due date. ARTICLE XVII PROGRAMS The Coverage Agreement for each Program shall be issued as specified in the pertinent Program Committee Bylaws. Each Member Entity may determine which Program it will participate in from year to year, except as prohibited by ARTICLE XIX and the pertinent Program Committee Bylaws, and shall advise the Authority in writing before the beginning of each Coverage Period. ARTICLE XVIII NEW MEMBERS Each public entity applying for membership in the Authority must participate in the Authority's Comprehensive General Liability Program. A new public entity may be admitted as a Member Entity only upon a two-thirds (2/3) vote of the Board of Directors. The application of any Member Entity to participate in any Program shall be determined under the Program Committee's Bylaws. Each applicant for membership shall pay all fees and expenses set by the Board and any additional application fee set by the Program Committee(s). -9- BCJPIA Joint Powers Agreement