Article XIV. Approval and Modifications

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Section 14.01 Approval and Modification Generally

No modification, waiver, amendment, or termination of these Policies and Procedures shall be valid unless approved by a vote of no less than two-thirds of the then serving Board members at a duly called Regular Meeting or Special Meeting of the Board, provided that a quorum is present. Notwithstanding the foregoing, the Board may, by a vote of no less than two-thirds of the then serving Board members at a duly called Regular Meeting or Special Meeting of the Board at which a quorum is present, authorize the PLB to enter into Cooperation Agreements with City Agencies and/or Commonwealth Authorities that may exempt certain transactions with such City Agencies and/or Commonwealth Authorities from specified requirements of these Policies and Procedures.