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conservation and renewable energy improvements to or on real properly <br />and in buildings. The Authority may enter into one or more agreements, <br />including widlouL limitation, participation agreements and implementation <br />agreements to implement such programs. <br />C. Subject to die applicable provisions of any indenture or resolution providing for the <br />investment of monies held thereunder, the Authority shall have the power to invest any of its funds <br />as die Board deems advisable, in the same manner and upon die sane conditions as local agencies <br />pursuant to Section 53601 of die Government Code of the State of California. <br />f. All property, equipment, supplies, funds and records of die Authority shall be <br />oNvned by the Authority, except as may be provided otherwise herein or by resolution of the <br />Board. <br />g. Pursuant to die provisions of Section 6508.1 of the Act, die debts, liabilities and <br />obligations of die Authority shall not be debts, liabilities and obligations of die Members or <br />Associate Members. Any Bonds, together widh any interest and premium thereon, shall not <br />constitute debts, liabilities or obligations of any Member. The Members or Associate Members <br />hereby agree that any such Bonds issued by the Authority shall not constitute general obligations of <br />die Authority but shall be payable solely from the moneys pledged to die repayment of principal or <br />interest on such Bonds under the terms of the resolution, indenture, trust, agreement or other <br />instrument pursuant to which such Bonds are issued. Neither die Members or Associate <br />Members nor die Authority shall be obligated to pay the principal of or premium, if any, or <br />interest on die Bonds, or other costs incidental thereto, except from die revenues and funds <br />pledged therefor, and neither the faith and credit nor die taxing power of die Members or <br />Associate Members or die Authority shall be pledged to die payment of the principal of or <br />premium, if any, or interest on die Bonds, nor shall die Members or Associate Members of the <br />Authority be obligated in any mariner to make any appropriation for such payment. No covenant <br />or agreement contained in any Bond shall be deemed to be a covenant or agreement of any <br />Delegate, or any officer, agent or employee of the Authority in an individual capacity, and neither <br />die Board nor any officer thereof executng the Bonds or any document related thereto shall be <br />liable personally on any Bond or be subject to any personal liability or accountability by reason of <br />the issuance of any Bonds. <br />7. Governing Board <br />a. The Board shall consist of the number of Delegates equal to one representative <br />from each Member. <br />b. The governing body of each Member shall appoint one of its Supervisors to serve <br />as a Delegate on the Board. A Member's appointment of its Delegate shall be delivered in writing <br />(which may be by electronic mail) to die Authority and shall be effective until he or she is replaced <br />by such governing body or no longer a Supervisor; any vacancy shall be filled by the governing <br />body of the Member in die saline marcher provided in this paragraph b.. <br />C. The governing body of each Member of the Board shall appoint a Supervisor as an <br />alternate to serve on die Board in the absence of the Delegate; die alternate may exercise all die <br />