Historical Resolution Tracking Feature » 1998-10-25 - DISBURSEMENTS

Important note: The explanatory text provided through this database (including the summary, implementation actions, identification of related resolutions, and additional information) is an interpretation or an explanation that has no official authority and does not represent the purpose behind the Board actions, nor does any explanations or interpretations modify or override the Resolutions themselves. Resolutions can only be modified through further act of the ICANN Board.

1998-10-25 - DISBURSEMENTS

Resolution of the ICANN Board

Topic:

Financial Disbursements

Summary:

Authorized financial disbursements.

Category:

Administration and Budget

Meeting Date:

Sun, 25 Oct 1998

Resolution Number:

98.12

URL for Resolution:

http://www.icann.org/en/minutes/minutes-25oct98.html

Status:

Complete

Implementation Actions:

None

Resolution Text:

RESOLVED, the Interim President and the Interim Vice President, or either of them, may authorize disbursements of the Corporation's funds in amounts of $10,000 or less for the expenses of the Corporation. In the event a disbursement greater than $10,000 is needed, the Board or the Interim Executive Committee must approve the disbursement, except regarding insurance which is subject to resolution set forth above.

Additional Information:

No additional funding provided.