Biennial Election. The Division shall convene a meeting of all vendors in the spring of each even-numbered year to elect a Committee of Blind Vendors. The elections shall be held in accordance with the Constitution adopted by the vendors. The Constitution shall conform to the requirements of 34 CFR §395.14 and this chapter. All licensed vendors holding an Operating Agreement are required to attend the bi-annual meeting. All other licensees, trainees, and other interested parties may attend this meeting. Only active licensees holding an Operating Agreement are eligible to vote. A licensed vendor holding an Operating Agreement who fails to attend the annual meeting shall be disciplined as prescribed in Section 23 of the Administrative Manual. Committee Procedures. The Committee shall establish procedures governing its organization and operation consistent with the Constitution adopted by the vendors and these regulations. Functions of the Committee. The Committee shall perform all functions and obligations imposed on it pursuant to these regulations, the Constitution adopted by the vendors, the Administrative Manual, and 34 CFR §395.14. With the active participation of the Committee, the Division shall develop and recommend an annual budget for the program based on current financial data. A representative from the Committee shall participate as a member of any panel convened for the purpose of interviewing applicants for vacant positions in the Program.