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Proposal Details

Proposal ID	431
Proposal	Proposal to Approve 30,000 dollar Loan from Green Party Members
Presenter	GPUS Steering Committee
Floor Manager	Jody Grage
Phase	Closed - Adopted
Discussion	12-07-2009 - 12-13-2009
Voting	12-14-2009 - 12-21-2009
Presens Quorum	Two Thirds of Active Accredited States/Caucuses
Consens Quorum	A Majority of Yes and No Votes

Background

he GPUS Rules and Procedures, Fiscal Policy,
in the section pertaining to Loans, states that loans totaling over
$2000 must be approved by a vote of the National Committee.

The National Committee has previously approved four proposals for
interest-free loans from Greens:
Proposal 262, March 2007, for $9,900; repaid with four months.
http://green.gpus.org/cgi-bin/vote/propdetail?pid=262
Proposal 334, January 2008, for $9,600; repaid within two months.
http://green.gpus.org/cgi-bin/vote/propdetail?pid=334
Proposal 353, June 2008, for $15,000; $11,500 repaid within six months;
$4,500 remains owed to Jody Grage and Budd Dickinson, who agreed to
delay repayment and who will be repaid in January 2010 from money
received from the Juoni Trust.
http://green.gpus.org/cgi-bin/vote/propdetail?pid=353
Proposal 398, June 2009, for $25,000; to be repaid in January 2010 from
money received from the Juoni Trust.
http://green.gpus.org/cgi-bin/vote/propdetail?pid=398

The Steering Committee requests approval for interest-free loans
totaling no more than $30,000. Loans will not be accepted until the
previous loans have been repaid.

This money will be used for debt reduction including payments to Empower
Telefundraising for phone solicitation work already completed and to Red
Sun Press for the last Direct Mail project, enabling us to continue these
fundraising efforts. This money will also be used for fundraising proposals
developed by the staff and/or the Fundraising Committee and approved by the
Steering Committee, as well as investing in merchandise.

If the loans have not already been repaid, funds from $30,400 released
to us by the Juoni Trust in January 2011 will repay those who
participate in this loan.

Those who participated in the loan authorized by Proposal 398 to be
repaid in January 2010 are welcome to participate in this new loan after
the previous loans have been repaid to them.

In determining the discussion period for this proposal, a 1 week discussion period was chosen due to the impending holiday dates and urgent need for funds; the vote would be finished on December 21; otherwise, vote would occur over the holidays and/or not be finished until early January.

Proposal

*1.* The National Committee agrees to accept interest-free loans from
Green Party members amounting to a total of no more than $30,000. These
loans will be used for debt reduction and for fundraising projects.
*2.* Loans will not be accepted until the previous loans have been repaid.
*3.* If the loans have not already been repaid, funds from the $30,400
released to GPUS by the Juoni Trust in January 2011 will repay those who
participate in this loan.
*4.* This money will be used for debt reduction including $8,200 for Red
Sun Press and $16,800 for Empower Telefundraising, as well as $3,000 for investing
in merchandise inventory. This money will also be used for fundraising proposals
developed by the staff and/or the Fundraising Committee and approved by the
Steering Committee.

Resources

Loan Funds

References

GPUS Rules and Procedures, 5. Fiscal Policy
http://gp.org/documents/rules/shtml*

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