1146

LAWS OF MARYLAND

Ch. 435

SUCH ADMINISTRATORS ARE ACTING AS A BODY IN PURSUANCE OF
AUTHORITY VESTED IN THEM BY THIS COMPACT.

(G) "EXECUTIVE COMMITTEE" MEANS THE COMMITTEE
ESTABLISHED PURSUANT TO SECTION 7-105(E) OF THIS COMPACT.

5-703. THE INSURANCE FUND.

THERE IS HEREBY ESTABLISHED THE PEST CONTROL
INSURANCE FUND FOR THE PURPOSE OF FINANCING OTHER THAN
NORMAL PEST CONTROL OPERATIONS WHICH STATES MAY BE CALLED
UPON TO ENGAGE IN PURSUANT TO THIS COMPACT. THE
INSURANCE FUND SHALL CONTAIN MONEYS APPROPRIATED TO IT BY
THE PARTY STATES AND ANY DONATIONS AND GRANTS ACCEPTED BY
IT. ALL APPROPRIATIONS, EXCEPT AS CONDITIONED BY THE
RIGHTS AND OBLIGATIONS OF PARTY STATES EXPRESSLY SET
FORTH IN THIS COMPACT, OR BY THEIR CONSTITUTIONS, SHALL
BE UNCONDITIONAL AND MAY NOT BE RESTRICTED BY THE
APPROPRIATING STATE TO USE IN THE CONTROL OF ANY
SPECIFIED PEST OR PESTS. DONATIONS AND GRANTS MAY BE
CONDITIONAL OR UNCONDITIONAL, PROVIDED THAT THE INSURANCE
FUND SHALL NOT ACCEPT ANY DONATION OR GRANT WHOSE TERMS
ARE INCONSISTENT WITH ANY PROVISION OF THIS COMPACT.

5-704. THE INSURANCE FUND, INTERNAL OPERATIONS AND
MANAGEMENT.

(A)    THE INSURANCE FUND SHALL BE ADMINISTERED BY A
GOVERNING BOARD AND EXECUTIVE COMMITTEE AS HEREINAFTER
PROVIDED. THE ACTIONS OF THE GOVERNING BOARD AND
EXECUTIVE COMMITTEE PURSUANT TO THIS COMPACT SHALL BE
DEEMED THE ACTIONS OF THE INSURANCE FUND.

(B)    THE MEMBERS OF THE GOVERNING BOARD SHALL BE
ENTITLED TO ONE VOTE EACH ON SUCH BOARD. NO ACTION OF
THE GOVERNING BOARD SHALL BE BINDING UNLESS TAKEN AT A
MEETING AT WHICH A MAJORITY OF THE TOTAL NUMBER OF VOTES
ON THE GOVERNING BOARD ARE CAST IN FAVOR THEREOF. ACTION
OF THE GOVERNING BOARD SHALL BE ONLY AT A MEETING AT
WHICH A MAJORITY OF THE MEMBERS ARE PRESENT.

(C)    THE INSURANCE FUND SHALL HAVE A SEAL WHICH MAY
BE EMPLOYED AS AN OFFICIAL SYMBOL AND WHICH MAY BE
AFFIXED TO DOCUMENTS AND OTHERWISE USED AS THE GOVERNING
BOARD MAY PROVIDE.

(D)    THE GOVERNING BOARD SHALL ELECT ANNUALLY, FROM
AMONG ITS MEMBERS, A CHAIRMAN, VICE CHAIRMAN, A SECRETARY
AND A TREASURER. THE CHAIRMAN MAY NOT SUCCEED HIMSELF.
THE GOVERNING BOARD MAY APPOINT AN EXECUTIVE DIRECTOR AND
FIX HIS DUTIES AND HIS COMPENSATION, IF ANY. SUCH
EXECUTIVE DIRECTOR SHALL SERVE AT THE PLEASURE OF THE
GOVERNING BOARD. THE GOVERNING BOARD SHALL MAKE
PROVISION FOR THE BONDING OF SUCH OF THE OFFICERS AND
EMPLOYEES OF THE INSURANCE FUND AS MAY BE APPROPRIATE.

(E) IRRESPECTIVE OF THE CIVIL SERVICE, PERSONNEL
OR OTHER MERIT SYSTEM LAWS OF ANY OF THE PARTY STATES,