| 5.__Executive committee. The executive committee is composed |
of the chairman of the governing board and 4 additional members |
of the governing board chosen by the governing board so that |
there is one member representing each of 4 geographic groupings |
of party states.__The governing board shall make those geographic |
groupings. If there is representation of the United States on the |
governing board, one representative may meet with the executive |
committee. The chair of the governing board is chair of the |
executive committee. An action of the executive committee is not |
binding unless taken at a meeting at which at least 4 members of |
the committee are present and vote in favor thereof. Necessary |
expenses of each of the 5 members of the executive committee |
incurred in attending meetings of the committee, when not held at |
the same time and place as a meeting of the governing board, are |
charges against the insurance fund. |