Document:LNC Resolution 7-8 December 1985 Regarding Self-Funded Action Committees
Resolved at the December 7-8 1985 LNC Meeting:
SELF-FUNDED ACTION COMMITTEES: RESOLVED, to create a third category of committee, the SELF-FUNDED ACTION COMMITTEE (hereinafter SFAC or committee). The purpose of this type of committee is to allow the committee to be funded in whole or in part by its own fundraising efforts and to also allow it to spend the money it raises for its own projects. Each SFAC chair shall be appointed by the National Chair with the advice and consent of the National Committee. SFAC Members shall be appointed by the SFAC chair with the advice and consent of the National Committee. All chairs and members shall be members in good standing of the Libertarian Party. The term of office for chair and members of SFACs shall be from the date of appointment until the second National Committee meeting following a regular National Convention. An SFAC chair may remove any committee member with the advice and consent of the National Committee. The National Chair may remove any SFAC chair with the advice and consent of the National Committee.
The National Chair shall be a voting member of all SFACs. The National Director shall be a non-voting member of all SFACs. Each SFAC chair, or a person designated by same, shall make periodic reports to the National Chair regarding SFAC performance. In addition, each SFAC chair shall report in person to at least one National Committee meeting per year and in writing at all other meetings. Each SFAC chair shall also make periodic reports to the National Treasurer deems necessary. Each SFAC chair shall, as necessary, register with the federal Elections Commission and comply with its regulations, sending copies of any reports filed with the Federal Elections Commission to the National Treasurer.
The total assets of each SFAC will be reported as an asset on the balance sheet of the Party. A liability account in an amount equal to the asset account will be established as a reserve against future expenditures of the SFAC. Contributions to the SFAC will be recorded as increases in the SFAC asset account and in the reserve account. Expenditures of the SFAC will be recorded as decreases in the SFAC asset account and in the reserve account. The SFAC will keep its own detailed accounting records and provide the Treasurer with income and expense statements as needed.
Each SFAC shall create a subcommittee to raise money to fund the projects of that SFAC. All fundraising appeals done by the subcommittee shall be done only on behalf of the SFAC which created the subcommittee. All subcommittee fundraising plans shall be presented to the SFAC for approval before an appeal is made. The subcommittee chair shall be appointed by the SFAC chair and shall report directly to the SFAC chair. The subcommittee chair, by reason of his or her appointment, shall become a voting member of the SFAC. The subcommittee's members shall be appointed by the SFAC chair and the subcommittee chair. The subcommittee chair may be removed by the subcommittee chair. The subcommittee members may be removed by the subcommittee chair with the advice and consent of the SFAC chair.
No member of the SFAC or any of its subcommittees may receive payment from the SFAC except as reimbursement for pre-approved out-of-pocket expenses. A procedure for the approval of expenses for reimbursement shall be established by each SFAC.
Each SFAC may create any other subcommittee it deems necessary for the performance of its duties. Except as expressly set forth in this resolution, all existing National Committee resolutions regarding committees shall apply to SFACs.
Note: This was indexed in an official Resolution Index and identified as Resolution 291 therein. It is noted that this was amended at the September 2, 1987, December 6, 1987, April 16-17, 1988 meetings. This is the amended language.