GB 77, Financial Process Act
The Government Operations Committee reported the bill to Senate, GO-18
Adopted by voice vote
Online Text
(as of 10-27-2003, as initially introduced)
GOVERNMENT BILL
77
A BILL TO BE ENTITLED
An act to Provide Revised Processes for Execution of the Financial Responsibilities of the Student Body Government
Short Title: Financial Process Act (Public)
Sponsored
by: Senator Palin and Treasurer Lester
First Reading: October 29, 2003 Version Date: October
26, 2003
Referred
to:
__________________________________________.
BE
IT ENACTED by the North
Carolina State University Student Senate that:
Section 1. Student Body Statutes §2-1.2(d) shall be amended by
striking:
Any Senator sponsoring
an Appropriations Request who fails to attend the Finance Committee meeting at
the time slot for which he/she is scheduled shall be assessed one-half (1/2) of
a Senate absence per time slot missed.
Section 2. Student Body Statutes §2-1.9(a) shall be amended by
striking:
4. Finance
And Inserting:
4. Financial Services.
Section 3. Student Body Statutes §2-1.9(b) shall be amended by
striking:
Finance Committee
And Inserting:
Financial Services Committee.
Section 4. Student Body Statutes §2-1.10(d) shall be amended by
striking:
(d) Committee on Finance. The Committee on Finance shall insure the
fair distribution of Student Body Funds. The committee shall be chaired by the
Student Body Treasurer, and be composed of at least one-seventh (1/7) of all
qualified Senators, including a vice-chair. The committee shall prepare
annually an appropriations bill for the Student Government Budget as detailed
elsewhere in these Statutes, oversee the appropriation of all Student Body
Funds, and consider all finance, program, and appropriations bills.
And Inserting:
(d)
Committee on Financial Services. The Committee on Financial Services
shall insure responsible expenditure of Student Body Funds. The committee shall review all program and
finance bill, advise the Treasurer and other officials on spending practices,
regularly review the current balance sheet, and inspect budgets and expenses of
agencies and departments. The committee
shall be chaired by the Student Body Treasurer, and be composed of at least
five (5) members, inclusive of the Treasurer.
The committee shall discharged all duties assigned to the Finance
Committee by statute or law.
Section 5. Student Body Statutes §2-1 shall be amended by
inserting:
Rule
11. Permanent Committee on Appropriations
(a)
Membership of Committee on
Appropriations. The Committee on
Appropriations shall be comprised of at least seven (7) senators, and the Student Body Treasurer, non-voting
ex-officio. All members of the Committee
on Appropriations shall be Senators representing one of the several colleges,
schools, or recognized programs and at no time shall be comprised of, excluding
the Chair, more than two (2) members of any given college, school, or
recognized program Senate delegation.
No member of the Committee on Appropriations shall serve on the
Committee on the Budget, save the Treasurer.
The chair and all members shall be appointed by the Student Senate
President.
(b)
Meetings of the Committee on
Appropriations. Quorum of the
Committee on Appropriations shall be a majority of the members, including the
chair, but excluding the Student Body Treasurer.
(c)
Duties of the Committee on
Appropriations. The Committee on
Appropriations shall ensure a fair distribution of Student Body Funds to
registered student organizations. The
committee shall execute the process of student organization appropriations as
defined by statute.
Section 6. Student body Statutes §2-1 shall be amended by
inserting:
Rule
12. Permanent Committee on the Budget
(a)
Membership of Committee on the
Budget. The committee on the Budget
shall be comprised of the Student Senate President Pro Tempore, ex-officio at
least four (4) additional senators, and the Student Body Treasurer, non-voting
ex-officio. The President Pro Tempore shall serve as chair of the
committee. No member of the Committee
on the Budget shall serve on the Committee on Appropriations, save the
Treasurer. Members of the committee shall
be appointed by the Student Senate President.
(b)
Meetings of the Committee on the
Budget. Quorum of the Committee on
the Budget shall be a majority of the members, including the chair, but
excluding the Student Body Treasurer.
(c)
Duties of the Committee on the Budget. The
Committee on the Budget shall review the Student Body Budget (SBS §§5-1.2 et seq.), and consider legislation
adopting or amending the budget.
Section 7. Student Body Statutes §5-1.3 shall be amended by
striking:
§5-1.3. Budget
recommendation by Finance Committee.
The Senate Finance Committee shall file for introduction its Budget
recommendation no later than the second Senate meeting in March. The committee
shall conduct whatever public hearings it deems necessary for a thorough
investigation of all budgetary options.
And
Inserting:
§5-1.3.
Budget Consideration.
The
Student Body Treasurer shall file for introduction, in consultation with the
Committee on the Budget, a budget recommendation for the next fiscal year no
later than the first Senate meeting in March.
The bill shall be referred on first reading to the Committee on the
Budget. The Committee on the Budget
shall conduct whatever public hearings it deems necessary for a thorough
investigation of all budgetary options.
Section 8. Student Body Statutes §5-1.5 shall be amended by
striking:
Checks issued for an
external expenditure must be signed by the Treasurer and the Comptroller.
Checks issued for an internal expenditure must be signed by the Treasurer or
Comptroller and the authorized executive officer responsible for the
administration of that line item.
Section 9. Student Body Statutes §5-1.6 shall amended by
striking:
(c) A receipt submission shall consist of a completed
online form and a hard copy receipt
Section 10. Student Body Statutes §5-1.7 Salaried Positions Work Log shall be struck.
Section 11. Student Body Statutes shall be amended by striking
“Finance Committee” and replacing it with “Appropriations Committee” in §5-2.4,
§5-2.5, §5-2.8, §5-2.10, §5-2.11, and §5-2.12.
Section 12. Student Body Statutes §5-2.5(b)(i) shall be amended
by striking:
and their sponsoring senators jointly
Section 13. Student Body Statutes §5-2.6 Sponsoring Senator shall be struck.
Section 14. Student Body Statutes §5-2.7 shall be amended by
striking:
with the assistance of
the sponsoring Senator.
Section 15. Student Body Statutes §5-2.17 shall be amended by
striking
Amendments to the Appropriations Bill can only be amended
by two-thirds of the Senate.
And Inserting:
Amendments
to the Appropriations Bill shall require a two thirds vote to be adopted.
Section 16. Student Body Statutes §5-2.18 shall be amended by
striking:
(a) The Student Government Appropriations Packet
shall be included in these Statutes as an appendix to this Article, and shall
hold the same force of law as these Statutes. In such circumstances where a
conflict may arise between the Appropriations Packet and these Statutes, the
Statutes shall govern.
(b) The Student Body Treasurer shall be
authorized to release the Appropriations Packet after the first Senate meeting
of each semester. The Treasurer shall be authorized to append additional
informative, non-binding, documents to the Finance Packet. This includes, but
is not limited too, a cover letter, appropriations time table, sample Appropriations
Request per §5-2.9, and sample answers to Appropriations Packet questions.
(c)The Senate shall not amend the Appropriations
Packet appendix for the current semester after it has been released by the
Student Body Treasurer.
(d) The Finance Committee shall be authorized to
include and set the lists of questions for the Appropriations Packet, provided
that the questions include at a minimum a Statement of Fact, a Statement of
Principle, and a proposed itemized budget adhering to §5-2.9.
And Inserting:
(a)
The Student Body Treasurer shall release the appropriations packet once
approved by the Committee on Appropriations.
The appropriations packet shall include at minimum a cover letter,
appropriations timetable, a detailed explanation of all appropriations
procedures, a sample Appropriations Request,
sample answers to Appropriations Packet Questions, and a historical breakdown of the past years
appropriations.
(b)
The appropriations packet cannot be amended for the current semester after its
release.
(c)
The Treasurer shall be authorized to include and set the lists of questions for
the Appropriations Packet, provided that the questions include at a minimum a
Statement of Fact, a Statement of Principle, and a proposed itemized budget
adhering to §5-2.9.
Section 17. Student Body Statutes §5-3.7 shall be amended by
striking “or ACC 280”.
Section 18. Student Body Statutes §5-3.17 shall be amended by striking
“Committee on Finance” and inserting “Committee on Financial Services”.
Section 19. This
act shall be effective upon its enrollment.