MARVIN MANDEL, Governor

1147

THE EXECUTIVE DIRECTOR, OR IF THERE BE NO EXECUTIVE
DIRECTOR, THE CHAIRMAN, IN ACCORDANCE WITH SUCH
PROCEDURES AS THE BYLAWS MAY PROVIDE, SHALL APPOINT,
REMOVE OR DISCHARGE SUCH PERSONNEL AS MAY BE NECESSARY
FOR THE PERFORMANCE OF THE FUNCTIONS OF THE INSURANCE
FUND AND SHALL FIX THE DUTIES AND COMPENSATION OF SUCH
PERSONNEL. THE GOVERNING BOARD IN ITS BYLAWS SHALL
PROVIDE FOR THE PERSONNEL POLICIES AND PROGRAMS OF THE
INSURANCE FUND.

(F)    THE INSURANCE FUND MAY BORROW, ACCEPT OR
CONTRACT FOR THE SERVICES OF PERSONNEL FROM ANY STATE,
THE UNITED STATES, OR ANY OTHER GOVERNMENTAL AGENCY, OR
FROM ANY PERSON, FIRM, ASSOCIATION OR CORPORATION.

(G)    THE INSURANCE FUND MAY ACCEPT FOR ANY OF ITS
PURPOSES AND FUNCTIONS UNDER THIS COMPACT ANY AND ALL
DONATIONS, AND GRANTS OF MONEY, EQUIPMENT, SUPPLIES,
MATERIALS AND SERVICES, CONDITIONAL OR OTHERWISE, FROM
ANY STATE, THE UNITED STATES, OR ANY OTHER GOVERNMENTAL
AGENCY, OR FROM ANY PERSON, FIRM, ASSOCIATION OR
CORPORATION, AND MAY RECEIVE, UTILIZE AND DISPOSE OF THE
SAME. ANY DONATION, GIFT OR GRANT ACCEPTED BY THE
GOVERNING BOARD PURSUANT TO THIS PARAGRAPH OR SERVICES
BORROWED PURSUANT TO PARAGRAPH (F) OF THIS SECTION SHALL
BE REPORTED IN THE ANNUAL REPORT OF THE INSURANCE FUND.
SUCH REPORT SHALL INCLUDE THE NATURE, AMOUNT AND
CONDITIONS, IF ANY, OF THE DONATION, GIFT, GRANT OR
SERVICES BORROWED AND THE IDENTITY OF THE DONOR OR
LENDER.

(H) THE GOVERNING BOARD SHALL ADOPT BYLAWS FOR THE
CONDUCT OF THE BUSINESS OF THE INSURANCE FUND AND SHALL
HAVE THE POWER TO AMEND AND RESCIND THESE BYLAWS. THE
INSURANCE FUND SHALL PUBLISH ITS BYLAWS IN CONVENIENT
FORM AND SHALL FILE A COPY THEREOF AND A COPY OF ANY
AMENDMENT THERETO WITH THE APPROPRIATE AGENCY OR OFFICER
IN EACH OF THE PARTY STATES.

(I) THE INSURANCE FUND ANNUALLY SHALL MAKE TO THE
GOVERNOR AND LEGISLATURE OF EACH PARTY STATE A REPORT
COVERING ITS ACTIVITIES FOR THE PRECEDING YEAR. THE
INSURANCE FUND MAY MAKE SUCH ADDITIONAL REPORTS AS IT MAY
DEEM DESIRABLE.

(J) IN ADDITION TO THE POWERS AND DUTIES
SPECIFICALLY AUTHORIZED AND IMPOSED, THE INSURANCE FUND
MAY DO SUCH OTHER THINGS AS ARE NECESSARY AND INCIDENTAL
TO THE CONDUCT OF ITS AFFAIRS PURSUANT TO THIS COMPACT.

5-705. COMPACT AND INSURANCE FUND ADMINISTRATION.

(A) IN EACH PARTY STATE THERE SHALL BE A COMPACT
ADMINISTRATOR, WHO SHALL BE SELECTED AND SERVE IN SUCH
MANNER AS THE LAWS OF HIS STATE MAY PROVIDE, AND WHO
SHALL:

(1) ASSIST IN THE COORDINATION OF ACTIVITIES