[Code of Federal Regulations]
[Title 14, Volume 5]
[Revised as of January 1, 2007]
From the U.S. Government Printing Office via GPO Access
[CITE: 14CFR1310.5]

[Page 531-532]
 
                     TITLE 14--AERONAUTICS AND SPACE
 
           CHAPTER VI--AIR TRANSPORTATION SYSTEM STABILIZATION
 
PART 1310_AIR CARRIER GUARANTEE LOAN PROGRAM ADMINISTRATIVE REGULATIONS AND 
 
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 532]]

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.