Difference between revisions of "Taking out loans for Free Geek"
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* Before the loan is approved, the staff must specify what the money may be used for. | * Before the loan is approved, the staff must specify what the money may be used for. | ||
* Before the loan is approved, the staff must outline a plan for repayment of the loan. | * Before the loan is approved, the staff must outline a plan for repayment of the loan. | ||
| + | * The board must approve loans. It's [[Annotations_on_the_old_Bylaws#Section_4._Borrowing.|in the bylaws]]. | ||
[[Category: Policy]] | [[Category: Policy]] | ||
[[Category: C7]] | [[Category: C7]] | ||
[[Category:Bylaws]] | [[Category:Bylaws]] | ||
Revision as of 19:21, 5 July 2005
This is a policy in progress. It will be discussed at a staff meeting, possibly ammended, and then recommended to the Community Council for approval. Thoughts anyone?
- When Free Geek takes out a loan, the amount of the loan and the terms on which it was taken should be made clear to all collective members.
- The money from the loan should be tracked in an account in the books so that it is clear what the money is spent on.
- Before the loan is approved, the staff must specify what the money may be used for.
- Before the loan is approved, the staff must outline a plan for repayment of the loan.
- The board must approve loans. It's in the bylaws.