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<br /> (e) nonconforming acquisitions may be cancelled or nullified by vote of a <br /> majority of the Management Council made prior to the clòsing; <br /> (t) allocate acquired Edwards Aquifer groundwater rights among R WRDG <br /> partici pants; <br /> (g) collect payments ITom the R WRDG participants for Edwards Aquifer <br /> groundwater rights transferred from the Administrator to the RWRDG participants, in the <br /> amount of the difference between the participant's deposit and the acquisition cost; <br /> (h) prepare quarterly and annual reports ofRWRDG activities; <br /> (i) perform an annual budget reconciliation; <br /> (j) act as a fiduciary to the RWRDG participants and Agent; <br /> (k) notify the Edwards Aquifer Authority of the transfer of any Edwards <br /> Aquifer groundwater rights through the R WRDG, to perfect the transfer of those rights <br /> with the Edwards Aquifer Authority, and to pay any transfer fees required by the <br /> Edwards Aquifer Authority. <br /> (1) maintain all information regarding the R WRDG and individual R WRDG <br /> participants as confidential unless authorized to make disclosure by the Management <br /> Councilor required by operation of law; <br /> (m) confer authority on Agent sufficient for Agent to make Edwards Aquifer <br /> groundwater rights acquisitions on behalf of Administrator for the ultimate benefit of the <br /> R WRDG participants; and <br /> (n) have such other and emergency powers as may from time to time be <br /> conferred by the Management Council; and <br /> (0) be an ex officio, nonvoting member of the Management Council, unless <br /> otherwise represented on the Management Council by virtue of election as a <br /> representative of a R WRDG participant. <br /> \\COSERVERIDAT A\LEGWP\PBB\ACQUISITr\\Tdg.aI7.doc 6 <br />