Equipment Fund Bylaws: Difference between revisions
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7.1 The Equipment Fund shall be composed of two (2) distinct accounts; one account shall receive all monies collected from students and shall serve to make purchases (“main account”), and another account shall receive all other contributions to the Equipment Fund (“contribution account”). | 7.1 The Equipment Fund shall be composed of two (2) distinct accounts; one account shall receive all monies collected from students and shall serve to make purchases (“main account”), and another account shall receive all other contributions to the Equipment Fund (“contribution account”). | ||
7.2 Equipment Fund fees and the collection of those fees shall be as follows: | 7.2 Equipment Fund fees and the collection of those fees shall be as follows: | ||
:7.2.1 Every student registered in an Undergraduate Engineering program and taking nine | :7.2.1 Every student registered in an Undergraduate Engineering program and taking nine (9) credits or more, shall contribute fifty dollars ($50) per semester to the Engineering Undergraduate Equipment Fund. | ||
(9) credits or more, shall contribute fifty dollars ($50) per semester to the Engineering Undergraduate Equipment Fund. | |||
:7.2.2 Every student registered in an Undergraduate Engineering program and taking less than nine (9) credits shall contribute per semester one half of the amount stipulated in §:7.2.1 to the Engineering Undergraduate Equipment Fund. | :7.2.2 Every student registered in an Undergraduate Engineering program and taking less than nine (9) credits shall contribute per semester one half of the amount stipulated in §:7.2.1 to the Engineering Undergraduate Equipment Fund. | ||
:7.2.3 The fees outlined in §:7.2.1 and §:7.2.2. shall be collected by McGill University as part of the normal payment process, and deposited into the main account of the Equipment Fund. | :7.2.3 The fees outlined in §:7.2.1 and §:7.2.2. shall be collected by McGill University as part of the normal payment process, and deposited into the main account of the Equipment Fund. | ||
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7.16 Misevaluated funds defined in §:7.12.4 shall be awarded to the department from which the funds arise in the year following the misevaluation | 7.16 Misevaluated funds defined in §:7.12.4 shall be awarded to the department from which the funds arise in the year following the misevaluation | ||
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===Article 8: Acquisition Procedure=== | ===Article 8: Acquisition Procedure=== | ||
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