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Section Committees Policy

Reference: By-law 1503

 

1.0 REPORT OF ELECTION

A report of the election of officers and executive committee shall be sent to the Chief Executive Officer of the Association immediately following the election.

 

2.0 SECTION FINANCES

2.1 CUSTODY OF SECTION FUNDS: Section funds shall be kept in such financial institutions which have been approved by the Section Board of Directors.

2.2 INVESTMENT OF SURPLUS FUNDS: Surplus funds of the Section may be invested in low-risk, non-speculative investments as approved by the Section Board of Directors.

2.3 DEPOSIT AND WITHDRAWAL OF SECTION FUNDS: Deposits and withdrawals of Section funds shall be made by such officers as the Section Board of Directors appoints for the purpose. A minimum of two signing officers shall be required for all transactions.

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