Managing Director; Duties. The managing director shall: (a) Enforce all bylaws, policies, rules and regulations of the MVA. (b) Attend, unless excused by the board, all meetings of the board and submit reports on the affairs of the MVA as required by the board. (c) Advise the board on the needs of the MVA and approve demands for payment of obligations within the purposes and amounts authorized by the board. (d) Prepare or cause to be prepared all plans and specifications for the construction and repair of works and facilities operated by the MVA. (e) Employ such persons as are necessary and economically feasible to perform the services required by the MVA. (f) Devote full attention to the business of the MVA; to plan, organize, direct, coordinate and control the services of such employees and independent contractors in the exercise of the powers of the MVA under the general direction of the board. (g) Submit to the board within 60 days after the end of each fiscal year an annual report showing the results of operations for the preceding fiscal year and the financial status of the MVA on the last day thereof. Upon approval by the board the annual report shall be published in the manner provided by the board. (h) Submit to the board a long range plan to include goals and objectives of the MVA. (i) Perform such other and additional duties as the board may require. Source: PL 11-15, § 9.