POLICIES AND PROCEDURES
PART A
BY-LAWS OF THE DELAWARE MANUFACTURED HOME RELOCATION AUTHORITY
ARTICLE I
FORMATION
1. Formation of Authority. The Delaware Manufactured Home Relocation Authority ("Authority"), established pursuant to 25 Del. Code Section 7011 et. seq. for purposes of the administration and operation of The Delaware Manufactured Home Relocation Trust Fund (the "Fund"), accepts and assumes its responsibilities to administer the Fund and carry out the goals outlined in the aforesaid statute, and hereby adopts these By-Laws.
2. Powers of Authority. The Authority, acting through its Board of Directors (the "Board"), shall have the power to employ or retain such persons as are reasonable and necessary in the business judgment of the Board to perform the administrative and financial transactions and responsibilities of the Authority and to perform other necessary and proper functions not prohibited by law.
3. Revenues and Expenditures. The Authority shall be responsible for all direct and indirect costs for its operations, including but not limited to, receipts and disbursements, personnel, rental of facilities, and reimbursement to other State agencies for services provided, and must be fiscally revenue-neutral.
4. Borrowing of Funds. The Authority shall have the right to borrow from private finance sources and issue notes or vouchers in order to meet the objectives of the Authority and those of the Fund.
ARTICLE II
ARTICLE II - GENERAL POWERS
ARTICLE III
ARTICLE (IV,V,VI,VII)
