Difference between revisions of "Taking out loans for Free Geek"

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''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?''
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{{policy in development}}
  
 
* 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.
 
* 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.

Revision as of 14:47, 22 December 2005

This is a page concerning a policy or procedure in development.
Once fleshed out, we'll consider it for adoption as official policy at Free Geek.


  • 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.
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