XI. FEES AND ASSESSMENTS: Difference between revisions

Revision as of 11:35, 11 May 2015

All corporation fees, dues, and assessments shall be set by the Board.

A four-fifths vote of the Board shall be necessary to authorize a membership assessment (a fee assessed on all current Members).

A two-thirds vote of the Board of Directors shall be necessary to increase corporation fees or to adopt a budget including an increase in fees.

[Membership approved 4/16/15.]

@@ Line 1: / Line 1: @@
 ==XI.A.==
-All corporation fees, dues, and assessments shall be set by the Board (A corporation fee shall be interpreted as an increase in fee that affects the workshift rate [Personnel Code]).
+All corporation fees, dues, and assessments shall be set by the Board.
 ==XI.B.==
-A four-fifths vote of the Board shall be necessary to authorize a membership assessment (A membership assessment shall be interpreted as a fee that is assessed across the board and has no effect upon the workshift rate [policy directory]).
+A four-fifths vote of the Board shall be necessary to authorize a membership assessment (a fee assessed on all current Members).
 ==XI.C.==
 A two-thirds vote of the Board of Directors shall be necessary to increase corporation fees or to adopt a budget including an increase in fees.
-==XI.D.==
-In accordance with the two-year rent cap adopted by the BSC Board of Directors on 9/29/94, rents shall not be raised above 1994-95 levels during the 1995-96 and 1996-97 fiscal years. In the event of an emergency immediately imperiling the financial solvency of the organization, the Board may vote to raise rents during that time. Such a vote will be considered a membership assessment, (see section B) and would require the approval of four-fifths of the Board (in a roll-call vote).
+[''Membership approved 4/16/15.'']
 [[Category:By-Laws|11]]