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Proposal Details

Proposal ID	705
Proposal	Approve 2,000 Loan from Green Party Members
Presenter	Steering Committee
Floor Manager	Darryl Moch
Phase	Closed
Discussion	05/20/2013 - 05/26/2013
Voting	05/27/2013 - 06/02/2013
Result	Adopted
Presens Quorum	31 0.6666
Consens Quorum	32 A Majority of Yes and No Votes

Background

The GPUS Fiscal Policy, Article X Loans, 10-1 Reasons for Loans, states that
GPUS may take out loans to cover seed funds for special projects. The funds sought in this
loan proposal are seed funds for investing in merchandise inventory before the Annual
Meeting in July, 2013.

The GPUS Fiscal Policy, Article X Loans, 10-2 Approval, states that loans in
excess of a cumulative 1% of the Annual Budget ($2,867 for 2013) must be approved by a
vote of the National Committee. There are loans are outstanding in the amount of $5,875
at this time.

The National Committee has previously approved six proposals for
interest-free loans from Greens:

Proposal 262, March 2007, for $9,900; repaid within 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; repaid within six months
except in eighteen months by permission of the last two loaners.

http://green.gpus.org/cgi-bin/vote/propdetail?pid=353

Proposal 398, June 2009, for $25,000; repaid within six months.

http://green.gpus.org/cgi-bin/vote/propdetail?pid=398

Proposal 431, December 2009, for $30,000; repaid within thirteen months.

http://gp.org/cgi-bin/vote/propdetail?pid=431

Proposal 672, June 2012, for $9,000 partially repaid at this time, $5875
still outstanding.

http://gp.org/cgi-bin/vote/propdetail?pid=672

The Steering Committee requests approval for interest-free loans from Green
Party members totaling no more than $2,000, to be used for purchasing
merchandise inventory only.

Proposal

1. The National Committee agrees to accept interest-free loans from Green
Party members not to exceed $2,000. These loan funds will be used only for
purchasing merchandise inventory.

2. Loan repayment will be made from proceeds of merchandise sales.
Merchandise sales revenue that exceeds loan amounts will be earmarked for
additional merchandise inventory investment.

3. It is our expectation that loans can be repaid over the course of the
next three or four months, or as quickly as merchandise sales permit, whichever is sooner.

Resources

Loan Funds

References

GPUS Fiscal Policy

http://www.gp.org/documents/fiscal-policy.shtml

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