Section 457-205-5 - Program Implementation and Assistance ProvidedA. The members of the authority shall approve the issuance of all revenue obligation securities to be issued by the authority. The determination of how proceeds of revenue obligation securities will be allocated shall be administered by and is delegated to the chief executive officer. The chief executive officer is hereby authorized to make the determinations required by this rule and to approve proposals by eligible financial institutions.B. The chief executive officer may enter into an agreement with the superintendent of banking by which the authority will work with the superintendent of banking to perform an audit of participating financial institutions.94- 457 C.M.R. ch. 205, § 5