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VI. <br />BUDGETS AND DISBURSEMENTS . . . . . . . . <br />. .13 <br />6.1 Annual Budget . . . . . . . . . . . <br />. .13 <br />6.2 Disbursements . . . . . . . . . . . <br />. .13 <br />6.3 Accounts . . . . . <br />. .13 <br />6.4 Expenditures Within Approved <br />Annual Budget . . . . . . . . . . . <br />. .14 <br />6.5 Audit . . . . . . . . . . . . . . . . <br />. .14 <br />VII. <br />SECURITIES . . . . . . . . . . . . . . <br />. .14 <br />7.1 Securities . . . . . . . . . . . . . <br />. .14 <br />VIII. <br />LIABILITIES . . . . . . . . . . . . . <br />. .15 <br />8.1 Liabilities . . . . . <br />. .15 <br />8.2 Hold Harmless and Indemnify . . . . <br />. .15 <br />IX. <br />ADMISSION AND WITHDRAWAL OF PARTIES . . . <br />. .16 <br />9.1 Admission of New Parties . . . . . . <br />. .16 <br />9.2 Withdrawal . . . . . . . . . . . . . <br />. .16 <br />X. <br />TERMINATION AND DISPOSITION OF ASSETS . . <br />. .17 <br />10.1 Termination . . . . . . <br />. .17 <br />10.2 Distribution of Property and Funds . <br />. .17 <br />XI. <br />MISCELLANEOUS . . . . . . . . . . . . . . <br />. .18 <br />11.1 Amendments . . . . . . . . . . . . . <br />. .18 <br />11.2 Notice . . . . . . . . . . . . . . <br />. .18 <br />11.3 Effective Date . . . . . . . . . . . <br />. .18 <br />11.4 Arbitration. . . . . . . . . . . <br />. .19 <br />11.5 partial Invalidity . . . . . . . . . <br />. .20 <br />11.6 Successors . . . . . . . . . . . . . <br />. .20 <br />11.7 Assignment . . . . . . . . . . . . . <br />. .20 <br />11.8 Execution . . . . . . . . . . . . . <br />. .20 <br />-ii- <br />