Allowance of the Board Members.
Section 8
SEC. 8. Allowance of the Board Members. — The chairperson and members of the Board shall be entitled to per diems and other allowable emoluments as may be fixed by the Board for every meeting actually attended, subject to existing laws, rules and regulations which, in no case, shall exceed Four thousand pesos (P4,000.00) per month: Provided, however, That the transportation expenses for representatives from far places will be reimbursed: Provided, finally, That the Administrator of the Authority, as an ex officio member of the Board, shall receive only the resuneration and allowances which shall be provided by the Board for the said position. Whenever the exigencies of the service demand, and the Board, for any valid reason, cannot be convened to a meeting, the Administrator, in coordination with the Board Secretary, is hereby authorized to submit any matter for resolution by memorandum and the concurrence of a majority of the Board members and/or alternates constituting a quorum shall be considered sufficient for the approval thereof.