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accordance with the annual budget approved by the Management Committee or as otherwise directed by the Management Committee. 4.04 The Fiscal Agent will provide a proper accounting of funds and reports of all receipts and disbursements. The Fiscal Agent shall execute contracts and process invoices in a timely manner. The Fiscal Agent may be reimbursed for reasonable expenses associated with oversight of Program accounts with the agreement of the Management Committee. In addition, a PARTY to this Agreement, pursuant to the direction of the Management Committee, may let and administer approved consultant contracts on behalf of the Program. Any PARTY to this Agreement who is administering a contract for the Program (Contracting Agent) shall be compensated for its services and/or contract costs as agreed to in advance by the Management Committee. All consultant contracts will contain hold harmless and indemnity provisions and insurance requirements for the benefit of all PARTIES. Section 5 Program Management 5.01 The District shall serve as the initial Program Manager for the Program. If the District, or another Program Manager, decides to relinquish the role of Program Manager, the Program Manager will notify the Management Committee at least 90 days prior to their termination of Program Management services. 5.02 The Management Committee may select a willing PARTY or outside contractor to act as Program Manager. If the Management committee decides to select a new Program Manager, the Management Committee will notify the current Program Manager at least 90 days prior to the termination of the current Program Manager's services. 5.03 The Program Manager shall be responsible for Program management and administration, and technical program management in accordance with the PARTIES' NPDES Permit and as directed by the Management Committee. The Program Manager shall be paid from Program funds in accordance with the adopted Program budget. Section 6. Duties of the PARTIES 6.01 In addition to the participation in the Management Committee, the PARTIES accept and agree to perform the following duties: 1. Each will authorize a representative to reapply for an NPDES Permit at the appropriate time as co-applicant with the other PARTIES; 2. Each will comply with its applicable identified portion of Program implementation; 3. Each will select a representative to participate in Management Committee meetings and other required meetings of the PARTIES as set forth in subsection 2.04 above; 4. Each will fund and implement its share of the Program; 5. Each has the responsibility to implement permit requirements within its jurisdiction. 6.02 This Agreement does not restrict the PARTIES from the ability to individually (or collectively) request NPDES Permit modifications and/or initiate NPDES Permit appeals or related actions relating to permit provisions to the extent that a provision affects an individual Party (or group of PARTIES). Section 7. Term of Agreement 4