FB 05, Surplus Disbursement Act

Surplus Disbursement Act

FB 05, 89th Session

Version Info:

8-25-2009, as initially introduced: HTML

9-5-2009, committee version: HTML

9-22-2009, as amended by Senate: HTML

Version Downloads (Senators only).

Basic Information:

Primary Sponsor(s):

Lamm (Corresponding)

Secondary Sponsor(s):

J. Tucker

Current Status:

Adopted by Senate

Report(s):

FC-05

Long Title:

A BILL TO BE ENTITLED AN ACT TO ENCUMBER FUNDS FROM SURPLUS FUNDS

Summary of Purpose:

Effectively Disburses a portion of the suplus from the past fiscal year.

Consideration History:

8-25-2009:

Filed for introduction

8-26-2009 Senate:

First Reading
Referred to the Finance Committee by the Student Senate President

9-2-2009 Committee:

Finance Committee Consideration
The Finance Committee reported the bill to Senate by counted vote, 3-0, FC-05

9-9-2009 Senate:

Second Reading
Adopted by roll call vote (Adopted: 32-0-0; 7 absent)

Roll Calls:

Senate, 9-9-2009:

Adopt FB 05, Adopted: 32-0-0; 7 absent

Online Text

(as of 9-22-2009, as amended by Senate)

NORTH CAROLINA STATE UNIVERSITY STUDENT SENATE

89^TH SESSION, 2009-2010

Finance Bill 05

A BILL TO BE ENTITLED AN ACT TO ENCUMBER

FUNDS FROM SURPLUS FUNDS

Short Title: Surplus Disbursement Act

Sponsors: TREASURER Thomas Lamm

Signatories:

Referred to: Committee on Finance

Version: As initially introduced

First Reading: 08/26/2009 Second Reading: 09/9/09

__________________________________________________________________________

WHEREAS, some surplus funds were not correctly disbursed during the 87^th Session; and,

WHEREAS, surplus funds from the 88^th Session must be disbursed in accordance to statute in the amount of $29,148.00; and,

WHEREAS, required by statute 25% of any surplus must be encumbered to the Appropriations process; and,

WHEREAS, these funds are non-recurring and should not be used in a manner where the association would have to commit funding during future sessions; let it be,

RESOLVED, that the following changes be made to the 2009-2010 budget as enacted:

Line 1302 – Fall Disbursement - $68,670.00 – Increased by $3654.00

Line 1303 – Spring Disbursement - $65,150.00 – Increased by $3650.00

Line 1103 – Finance Committee Disbursements - $9,000.00 – Increased by $6,500.00

Line 801 – Office Supplies and Maintenance - $7,000.00 – Increased by $1,500.00

Line 803 – Transportation - $3,000.00 – Increased by $1,000.00

$12,844.00 is to remain in unencumbered funds for later disbursement

This act shall be effective upon its enrollment.

List All Bills