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201.420 AUTHORITYThe officers and members of the Board of Directors of the Illinois High School Association are hereby authorized to interpret theConstitution and By-laws and to exercise all the powers and duties expressed or implied in this Constitution and By-laws, and to act as an administrative board in the interpretation of and final decision on all questions and appeals arising from the directing of interscholasticactivities of member schools.1.430 PROVIDE EMPLOYEESThe Board of Directors shall conduct all business of the Association, shall be empowered to employ an Executive Director with such assistants as may be found necessary to carry on the affairs of the Association, and to provide office facilities, by rental, purchase or othermeans, and employees for the proper conduct of the business of the Association.1.440 FINANCIAL STRUCTURE AND MANAGEMENT1.441 DUES AND ASSESSMENTSThe Board of Directors shall be authorized to collect annual dues as provided in this Constitution and levy entry fees and such other assessments on all schools participating in any interscholastic activity as shall be adequate to meet the total expenses involved in the conduct of such activity and such proportionate share of overhead as is deemed necessary. Such dues and assessments shall be considered current funds of the Association and shall be used by the Board of Directors in financing the various activities of the Association.The determination and collection of all activity fees and the collection and final distribution of receipts from all contests sponsored by theAssociation shall be left to the discretion of the Board of Directors.1.442 EXPENDITURESThe Board of Directors shall determine all necessary expenditures of money in the conduct of the affairs of the Association.1.443 MANAGE SURPLUS FUNDSThe Board of Directors shall receive and hold title to all surplus funds of the Association. Surplus funds belonging to any of the separate activities shall be held for and administered in the interest of that activity. Surplus funds of one activity of the Association may be transferred to another activity only by a two-thirds vote of the Board of Directors or by a majority of the member schools voting in a statewide referendum conducted by the Board of Directors whenever requested by not less than five percent of the membership of the Association.1.444 INVESTMENT OF FUNDSThe Board of Directors shall invest all surplus funds of the Association in bonds or treasury certificates of the United States or in bonds ofthe state of Illinois, registered in the name of the Illinois High School Association. However, in any fiscal year the Board of Directors may,by a two-thirds vote, suspend the enforcement of this requirement.1.450 STATEWIDE INTERSCHOLASTIC ACTIVITIESThe Board of Directors shall have complete authority, subject to the provisions of the Constitution and By-laws, to organize and conduct such statewide interscholastic activities as may or may not lead to state championships and to establish Terms and Conditions for these activities. Whenever it is deemed advisable, the Board shall call upon specialists from the high school field for such technical or otheradvice and assistance as may seem necessary. The expenses of such specialists incurred in activities ordered by the Board of Directors shall be paid by the Association. In addition, the Board of Directors shall establish and publish criteria to be followed in the selection of schools to host state tournament series events.