5-804

5-804. Administrative powers and duties

A. The board of directors, on behalf of the authority, may:

1. Adopt and use a corporate seal.

2. Sue and be sued.

3. Enter into contracts, including intergovernmental agreements under title 11,
chapter 7, article 3, as necessary to carry out the purposes and requirements of this
chapter.

4. Enter into an intergovernmental agreement under title 11, chapter 7, article 3
with the Arizona exposition and state fair board for the joint use of properties and
facilities, sharing administration, personnel and resources and other matters that are
beneficial to the purposes of the multipurpose facility and the state fair.

5. Adopt administrative rules as necessary to administer and operate the authority
and any property under its jurisdiction.

6. Acquire by any lawful means and operate, maintain, encumber and dispose of real
and personal property and interests in property.

7. Retain legal counsel and other consultants as necessary to carry out the
purposes of the authority.

8. Enter into contracts with a professional football league for its championship
game or with a nonprofit community based organization that operates or administers an
intercollegiate national championship game that provide for the payment to the league or
organization of transaction privilege tax revenues derived pursuant to section 42-5073,
subsection F, paragraph 1 from sales of admissions to these championship games if the
authority has fully paid the current year's required principal and interest payments on
any outstanding authority bonds for which these revenues were pledged pursuant to article
3 of this chapter.

9. Enter into contracts with a nonprofit community based organization that sponsors
an intercollegiate national championship game that provide for the payment to the
organization of a ticket surcharge or facility user fee associated with parking if the
authority has fully paid the current year's required principal and interest payments on
any outstanding authority bonds for which these revenues were pledged pursuant to article
3 of this chapter.

B. The board of directors shall:

1. Appoint from among its members a chairman, a secretary and such other officers
as may be necessary to conduct its business.

2. Employ an executive director and prescribe the terms and conditions of
employment.

3. Keep and maintain a complete and accurate record of all of its proceedings. The
board is a public body for purposes of title 38, chapter 3, article 3.1 and title 39,
chapter 1.

4. Provide for the use, maintenance and operation of the properties and interests
owned or controlled by the authority.

5. On or before September 12, 2002, approve a site for the construction of the
multipurpose facility proposed at any time before that date by site hosts.