SECTION 8. POLICY REGARDING THE ACQUISITION OF PROPERTY, EQUIPMENT, AND/OR SERVICE(S):
- a. The Executive Director is responsible for the advance planning, cost analysis and subsequent acquisition of property, equipment, and/or service subject to provisions of this section.
- b. Acquisition is defined as the act of coming into possession of, by any means. There are three methods by which the authority for acquisition of property, equipment, and/or services maybe funded.
- (1) The National BOD may grant the Executive Director, by a majority vote, acquisition authority for specified items through approval of the annual budget containing adequate funding for such specified items.
- (2) The National BOD may grant the Executive Director authority, by majority vote, for the acquisition of property, equipment, and/or services not included in the annual budget by a majority vote of the National BOD.
- (3) As an alternative, and at the time of the Annual BOD meeting, the BOD may grant the National President or the Executive Director one-year "blanket" authority for the acquisition of property, equipment, and/or services not included in the annual budget. This is providing that the aggregate cost of such items, including pertinent accessories, does not exceed a cumulative total of $ 5,000, and does not commit USAWOA resources of subsequent fiscal years. Typically, acquisitions of this type will be paid for from any reserve FUNDs available for use through the general budget. If the said President or Executive Director believes that otherwise committed FUNDs (such as the Life Members FUND) must be accessed to effect such purposes, this power, while effective, becomes null and void, and he shall seek such funding only with the concurrence of the BOD.
- c. The Executive Director and Executive Committee share the joint responsibility for determining the appropriate method for acquisition (i.e., rent, leases, purchases, etc.)