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Archived Content -- 87th Session

GB 46, Surplus Correction Act

Surplus Correction Act
GB 46, 87th Session
Version Info:
10-15-2007, committee version: HTML
Version Downloads (Senators only).
Basic Information:
Primary Sponsor(s):
Compton (Corresponding) and Foxx
Current Status:
Enrolled
Report(s):
GO-20
Long Title:
AN ACT ESTABLISH NEEDED REVIEW IN STUDENT GOVERNMENT CONTRACTS
Summary of Purpose:
AN ACT ESTABLISH NEEDED REVIEW IN STUDENT GOVERNMENT CONTRACTS
Consideration History:
9-20-2007:
Filed for introduction
9-23-2007 Senate:
First Reading
Referred to the Government Operations Committee by the Student Senate President
10-10-2007 Committee:
Government Operations Committee Consideration
The Government Operations Committee reported the bill to Senate by consent, GO-20
10-17-2007 Senate:
Second Reading
Adopted by consent

Online Text

(as of 10-15-2007, committee version)

NORTH CAROLINA STATE UNIVERSITY STUDENT SENATE

87TH SESSION, 2007-2008

 

Government Bill 46

 

A BILL TO BE ENTITLED AN ACT TO ESTABLISH NEEDED REVIEW IN STUDENT GOVERNMENT CONTRACTSELIMINATE THE REQUIREMENT FOR A CONTINGENCY FUND

 

 


Short Title: Surplus Correction Act

Sponsors: Senator Compton, Treasurer Foxx

Referred to:                        

Version:  First Reading

First Reading:                                                                                    Second Reading:

 

 


WHEREAS, currently Student Government requires a $8,000 surplus beyond the University surplus; and,

 

WHEREAS, every fee department is required to be as lean as possible with the creation of the increase cap; and,

 

WHEREAS, to be in line with the business office recommendation and be as fiscally possible; now therefore be it,

 

ENACTED, by the North Carolina State University Student Senate that:

 

Section 1.  Article 1 of the Chapter 5 Student Body Statutes shall be amended and creation of a new ¤5-1.25 the following inserted:

 

¤5-1.25. General Trust.

Any monies in the Student Body Funds beyond those required to meet the commitments of the Student Government Budget shall be considered unencumbered and part of the General Trust. The General Trust shall be inclusive of monies in three distinct categories:

(a) the University mandated reserve balance;

(b) a contingency fund of $8,000; and

(c) surplus funds not in the above categories the Senate shall allocate funds in the budget as necessary to maintain the mandated reserve.

 

Section 2.  This act shall be effective upon enrollment.

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