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2022 Proposed Amendments Mar/Apr 2022 | Vol. 79 No. 2

68 Article IV | Finance Striking: IV. F. 3. f. (5) Article IV | Finance
Section F. Funds Section F. Funds
Floor 3. The Permanent Fund Inserting a new: IV. F. 3. f. (5) 3. The Permanent Fund
f. (5) constructing a head- purchasing a building, or purchas- f. (5) purchasing a build-
quarters building; and ing land and constructing a head- ing, or purchasing land and
quarters building; and constructing a headquarters
building; and
Rationale: This amendment gives the Administrative Board greater flexibility in acquiring the best possible headquarters building
at the most economical cost. Fiscal Impact: None. Submitted by: Cathy Daugherty on behalf of the Administrative Board. Adminis-
trative Board Recommendation: to adopt.
69 ISR | International Funds Striking: “Investment Policy for ISR | International Funds
4.51 Available Funds International Funds” 4.51 Available Funds
Consent c. Investment of Society c. Investment of Society
funds shall follow the Invest- Inserting: investment policy for funds shall follow the invest-
ment Policy for International international funds ment policy for international
Funds as approved by the in- funds as approved by the In-
ternational Executive Board. ternational Executive Board.
Rationale: Replacing specific policy names in the governing documents to generalized statements will allow flexibility in revision
and updating of policies while retaining the key concepts of development and review. Fiscal Impact: None. Submitted by: Judith R.
Merz, Bulletin Editor. Administrative Board Recommendation: to adopt.
70 ISR 9 | Meetings - General Striking: “three thousand (U.S. ISR 9 | Meetings - General
9.3 International Meetings $3,000)” 9.3 International Meetings
Floor 9.31 Latin American Conference 9.31 Latin American Conference
The conference shall be funded Inserting: five thousand dollars The conference shall be funded at
at three thousand dollars (U.S. (U.S. $5,000) five thousand dollars (U.S. $5,000)
$3,000) per biennium. per biennium.
Rationale: The Latin American Conference is a significant event in which several of the Purposes of the Society are fulfilled. This
fund has not been updated for several years, and the cost of living increases every year in the world. Fiscal Impact: The fiscal
impact should be estimated as two thousand dollars (U.S.$2,000) per biennium. Submitted by: Jeannette Zúñiga on behalf of Costa
Rica State Organization, current Latin American Area Rep. and past Latin American Rep. Administrative Board Recommendation:
to adopt.
71 Article IV | Finance Striking B.2: Article IV | Finance
Section B. Fees Section B. Fees
Floor 2. Scholarship Fee Inserting a new B.2: 2. Scholarship Fee
Each active and reserve mem- State organizations shall have the State organizations shall have the
ber shall pay a scholarship fee option of imposing a scholarship option of imposing a scholarship
annually. fee. fee.
Rationale: Any scholarship fee collected would go toward state and chapter scholarships; therefore, the state organization should
have the authority to impose and collect such fee. Fiscal Impact: Minimal fiscal impact. Submitted by: Dr. Margie Nowak, chair on
behalf of the International Finance Committee. Administrative Board Recommendation: to adopt.

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