ARTICLE 15: LOCAL UNIONS - I. ASSETS OF THE LOCAL UNION
ADD after the current paragraph 3 the following new paragraphs, and at the same time renumber the current paragraphs 4, 5, 6 and 7 to paragraphs 6, 7, 8 and 9:
4. A Local Union may provide in its By-Laws additional methods of payment for Local Union expenditures such as, but not limited to, pre-authorized debit payments, electronic funds transfers, credit cards, and petty cash, provided that the use of such payment methods conforms to the financial best practices and guidelines regarding Local Union Finances provided
by the National Union.
5. Local Unions shall include in their By-Laws, where applicable, expense policies regarding tendering capital expenditures, donations, travel, meals, entertainment, stipends, honorariums, investments, and lost time. All such expense policies shall conform to the financial best practices and guidelines regarding Local Union Finances provided by the National Union.
Respectfully submitted by Local 4304
