Summary
PICA’s Bylaws are derived from the PICA Act that created the Authority. It outlines the membership of the Board and how they are appointed and sets criteria for membership (ex. voting members must be Pennsylvania residents). It covers the terms of board members, what to do if a vacancy arises and what constitutes a qualified majority when one is required for voting on resolutions (it’s 4 out of the 5 voting members). The Bylaws also outline how often meetings must occur, where, and how notice is provided to the public. The Bylaws also specific the various officers of the Board (Chair, Vice Chair, Secretary, and Treasurer) and their duties. The Bylaws authorize the Board to hire an Executive Director and other staff and experts as needed. The Bylaws govern the financial affairs of the Authority, including requirements to file an annual report and that funds of the Authority should be invested in a manner consistent with sound business practices and in accordance with statutes and regulations. The Bylaws can be amended by a qualified majority of the board provided that there has been 15 days notice to each Board Member and that the changes don’t conflict with the PICA Act or other statutes and regulations.