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SECTION 2. MEMBERS OF CONSORTIUM Indian River, Martin and St. Lucie Counties, Florida are the members of the Consortium and upon mutual execution of this Agreement by the parties, the "Treasure Coast HOME Consortium", hereinafter referred to as "Consortium", shall be formed. The members shall remain bound by the terms and conditions of this Agreement for its duration, and shall be prohibited from withdrawing from the Consortium during such period, except as provided for in Section 8 of this Agreement. The Consortium Agreement remains in effect until the HOME funds from each of the Federal fiscal years of the qualification period are expended for eligible activities. No consortium member may withdraw from the Agreement while the Agreement remains in effect. SECTION 3. STATUS OF CONSORTIUM The Consortium shall, upon designation by HUD, be considered a unit of local government for purposes of the HOME Investment Partnerships Act. SECTION 4. LEAD AGENCY/(Lead County) St. Lucie County shall be the member unit of government authorized to act. in a representative capacity with respect to HUD on behalf of all members of the Consortium. St. Lucie County shall be a representative of the Consortium only for the purposes established in this agreement and shall be the lead entity having overall 'responsibility for ensuring that the Consortium's HOME Program is carried out in compliance with requirements of the HOME Program, including requirements concerning a Consolidated Plan in accordance with. HUD regulations in 24 CFR Parts 92 and 91, respectively, and the requirements of 24 CFR Part 92.350. No party shall have veto power as to the implementation of the Consortium Consolidated Plan, hereinafter referred to as the "Consolidated Plan", and the parties agree to act in cooperation to achieve the goals established in the Consolidated Plan. SECTION 5. CONSOLIDATED PLAN The Counties shall cooperate in the preparation of the Consolidated Plan, which shall apply to the Counties and which shall meet the requirements of applicable Federal Regulations. SECTION 6. ALLOCATION OF FUNDING Allocation of HOME funds allowed for administration shall be based on the existing HOME funds percentage allocation process with respect to the annual HOME allocation provided by the U.S. Department of Housing and Urban Development for the Consortium, except that St. Lucie County as lead entity shall be entitled up to 20% of the HOME funds allowed for administration. The implementation of the Consolidated Plan and the allocation of Federal HOME funding