Page History

• Category: (replace this text with one of the following categories: Administration/Budget, Board, ccTLD, gTLD, IP, ICANN Structure, International Agreement, Root Zone)Topic: (replace this text with a keywords from title) Administration and Budget
• Topic: Disbursement of funds
• Board meeting date: 17 January 1999
• Resolution number: 99.7, 99.8
• URL for Board minutes/resolution: http://www.icann.org/en/minutes/minutes-17jan99.html
• Status: (replace this text with: Completed, Ongoing, Suspended)

Summary (replace this text with the a one-sentence summary of the resolution)

Text

Michael Roberts presented an update on anticipated expenditures, which total $1.1 million for the period from November, 1998, through June, 1999, and on fundraising efforts.

Board authorizes Michael Roberts to disburse funds for purposes that he believes to be in the interest of the Corporation provided specified approval requirements are met.

Text

RESOLVED [resolution 99.7], that Michael Roberts, in his capacity as an officer of the Corporation, be, and he hereby is, authorized to disburse funds of the Corporation for purposes that he believes to be in the interest of the Corporation, in accordance with the following procedures:For individual disbursements of  $10,000 or less, or installments on liabilities aggregating to $10,000 or less:  funds may be disbursed without prior Wiki MarkupUpon motion duly made and seconded, the Board unanimously approved (with Michael Roberts abstaining) the adoption of the following resolutions:RESOLVED \[resolution 99.7\], that Michael Roberts, in his capacity as an officer of the Corporation, be, and he hereby is, authorized to disburse funds of the Corporation for purposes that he believes to be in the interest of the Corporation, in accordance with the following procedures:For individual disbursements of  $10,000 or less, or installments on liabilities aggregating to $10,000 or less:  funds may be disbursed without prior approval.

For individual disbursements of more than $10,000 but less than $50,000, or installments on liabilities aggregating to such amounts:  funds may be disbursed with the  prior approval of at least two members of the Executive Committee (other than Mr. Roberts), which approval may be by email, telecopy or other writing.

Wiki MarkupFor individual disbursements of $50,000 or more, or installments on liabilities aggregating to such amounts:    funds may be disbursed with the  prior approval of the Executive Committee. FURTHER RESOLVED \[resolution 99.8\], that Mr. Roberts shall monthly circulate to all members of the Board a description of all disbursements of funds of the Corporation made during the prior month.

Implementation Actions

• (replace this text with specific Action Item)
  • Responsible entity: (replace this text with the responsible entity: ICANN department, ICANN Community Structure, Board, U.S. Department of Commerce)
  • Due date: (replace this text with Due Date)
  • Completion date: (replace this text with Date action was implemented)
• (replace this text with specific Action Item)
  • Responsible entity: (replace this text with the responsible entity: ICANN department, ICANN Community Structure, Board, U.S. Department of Commerce)
  • Due date: (replace this text with Due Date)
  • Completion date: (replace this text with Date action was implemented)

Other Related Resolutions

• (replace this text with links to related resolutions)

Additional Information

...

with the  prior approval of the Executive Committee.

FURTHER RESOLVED [resolution 99.8], that Mr. Roberts shall monthly circulate to all members of the Board a description of all disbursements of funds of the Corporation made during the prior month.

Implementation Actions

• Disburse funds as directed and report disbursements to the Board.
  • Responsible entity: ICANN Staff
  • Due date: None provided
  • Completion date: 1999

Other Related Resolutions

• TBD

Additional Information

• The resolution does not address funding for the items addressed therein.

Explanatory text does not modify or override Resolutions.  See Board Resolutions Page for more information.

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