[Code of Federal Regulations]

[Title 14, Volume 5]

[Revised as of January 1, 2006]

From the U.S. Government Printing Office via GPO Access

[CITE: 14CFR1310.5]



[Page 529-530]

 

                     TITLE 14--AERONAUTICS AND SPACE

 

           CHAPTER VI--AIR TRANSPORTATION SYSTEM STABILIZATION

 

PART 1310_AIR CARRIER GUARANTEE LOAN PROGRAM ADMINISTRATIVE REGULATIONS 

AND AMENDMENT OR WAIVER OF A TERM OR CONDITION OF GUARANTEED LOAN--Table 

of Contents

 

Sec. 1310.5  Meetings and actions of the Board.



    (a) Place and frequency. The Board meets, on the call of the 

Chairman, in order to consider matters requiring action by the Board. 

The time and place for any such meeting shall be determined by the 

members of the Board.

    (b) Quorum and voting. Two voting members of the Board constitute a 

quorum for the transaction of business. All decisions and determinations 

of the Board shall be made by a majority vote of the voting members. All 

votes on determinations of the Board required by the Act shall be 

recorded in the minutes. A Board member may request that any vote be 

recorded according to individual Board members.

    (c) Agenda of meetings. As a general rule, an agenda for each 

meeting shall be distributed to members of the Board at least 48 hours 

in advance of the date of the meeting, together with copies of materials 

relevant to the agenda items.

    (d) Minutes. The Chief Administrative Officer shall keep minutes of 

each Board meeting and of action taken without a meeting, a draft of 

which is to be distributed to each member of the



[[Page 530]]



Board as soon as practicable after each meeting or action. To the extent 

practicable, the minutes of a Board meeting shall be corrected and 

approved at the next meeting of the Board.

    (e) Use of conference call communications equipment. Any member may 

participate in a meeting of the Board through the use of conference 

call, telephone or similar communications equipment, by means of which 

all persons participating in the meeting can simultaneously speak to and 

hear each other. Any member so participating in a meeting shall be 

deemed present for all purposes, except that the Comptroller General of 

the United States or the designee of the Comptroller General, who serves 

as a nonvoting member, shall not participate in any of the Board's 

discussions or deliberations in connection with individual loan 

guarantee applications. Actions taken by the Board at meetings conducted 

through the use of such equipment, including the votes of each member, 

shall be recorded in the usual manner in the minutes of the meetings of 

the Board.

    (f) Actions between meetings. When, in the judgment of the Chairman, 

it is desirable for the Board to consider action without holding a 

meeting, the relevant information and recommendations for action may be 

transmitted to the members by the Chief Administrative Officer and the 

voting members may communicate their votes to the Chairman in writing 

(including an action signed in counterpart by each Board member), 

electronically, or orally (including telephone communication). Any 

action taken under this paragraph has the same effect as an action taken 

at a meeting. Any such action shall be recorded in the minutes. If a 

voting member believes the matter should be considered at a meeting, the 

member may so notify the Chief Administrative Officer and the matter 

will be scheduled for consideration at a meeting.

    (g) Delegations of authority. The Board may delegate authority, 

subject to such terms and conditions as the Board deems appropriate, to 

the Executive Director, the Legal Counsel, or the Chief Administrative 

Officer, to take certain actions not required by the Act to be taken by 

the Board. All delegations shall be made pursuant to resolutions of the 

Board and recorded in writing, whether in the minutes of a meeting or 

otherwise. Any action taken pursuant to delegated authority has the 

effect of an action taken by the Board.