National Communication Act No. 24
78.
(e)
prepare proposed budgets for the Fund and submit them for approval by the Board of
Trustees;
(f)
effectively manage the resources of the Fund under supervision of the Board of Trustees;
(g)
apply the Fund’s resources in accordance with approved budgets and according to the
applicable rules of the Public Finance, Management and Accountability law;
(h)
prepare the annual performance report of the Fund and submit it for approval by the
Board of Trustees; and
(i)
recruit, retain, discipline, motivate and terminate employees of the fund when
appropriate in accordance with the Funds policies and consistent with Public Service
laws and regulations.
Functions and Powers of the Board of Trustees.
The functions and powers of the board of trustees shall be as follows:
79.
(1)
Setting the general policies, plans and programs of the Fund;
(2)
Approval of the annual budget of the Fund;
(3)
Advocating for the Fund to expand its funding sources and promoting its important work;
(4)
Approve expenditures of the Fund within the established budgets;
(5)
Execute contracts and agreements with third parties;
(6)
Approve the organizational structure of the Fund;
(7)
Issue internal rules and procedures for regulating the work of the Fund and for conducting its
own meetings; and
(8)
Perform such other functions as may be necessary for proper management of the affairs of
the Fund and for achievement of its objectives.
Eligibility for Membership to the Board of Trustees and Vacancy.
The provisions of sections 12 and 13 of this Act shall apply to the same extent to members of the
Board of Trustees.
80.
Meetings of the Board of Trustees.
(1)
The Board of Trustees shall hold meetings at least four times annually and may hold
emergency meetings upon the request of the chairperson or upon the request of two-thirds of
its members.
(2)
The quorum for meetings shall be at least half the members of the Board of Trustees.
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