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B. Oper~inc Expenses. The Academy Director shall be responsible for the annual preparation of an operating budget, and shall submit a preliminary budget proposal to the Board of Directors not later than January 31 of each year. Upon receipt of notice of appropriation by the members, the Board shall make adjustme~t~ in the proposed budget as may be necessary. The operation budget shall be approved, or ~djusted and approved, by the Board_of Directors. Each governing body agrees that it shall appropriate each year to the Academy a percentage of the net total costs of the Academy (minus federal and state grants) which shall be determined by the ~ercentage of criminal justice officers that- the jurisdiction is authorized by annual appropriation. Payments of the operational appropriation to the fiscal agent shall be made at suc~-intervals as the Board may provide for. SECTION 5. DISPOSITION OF PROPERTY UPON DISSOLUTION OR TERMINATION. Termination of this cooperative endeavor shall occur only as provided for in Section 1. In the event this agreement and Charter is terminated, payment and/or credit for the furnishing and use of real property owned by a member shall be adjusted ratable to the date of termination. Ail property shall be scheduled and valued by or at the direction of the'Board and distributed in kind to the members as nearly as is feasible in the same proportion as they contributed to acquiring it, provided however, that one or more members may purchase the interests of one or more others in the property. SECTION 6. AMENDMENTS The Boardof Directors' -~'ls empowered to make amendments to this Charter provided they are made in the following manner: By approval of a majority of the Board of Directors, with not more than ~wo Directors dissenting. Ail Directors must be notified of any proposed amendment prior to a f~nal vote on such.amendment. Such notice must be sent to'the Directors by certified mail at least 30 days prior to the meeting at which the proposed amendment will be voted upon ....