1994 Board of Directors Resolutions

Resolutions adopted by NACDL's Board of Directors or Membership are posted online. Resolutions adopted prior to the year 2000 are posted as they are available. For more information on resolutions adopted prior to 2000, please contact NACDL.

Concerning the Growth of Reserve

Commencing in fiscal year 1995 all interest and dividend income earned from bank accounts and investment of all types shall remain part of the reserve, and

No part of the interest or dividend income, regardless of how earned, shall be used as current operating income, and all such funds shall remain within the reserves so that the reserves might be compounded annually. 

Concering Life Memberships

Dues received from life members enrolled under the dues structure adopted in August 1994 are to be deposited to the reserves of the association and are to be considered part of the fund balance.

As to each new life member, the association shall be entitled to annually draw from the fund balance an amount no greater than the annual dues payable by a regular member of the association.

Such amounts as may be drawn under this resolution are to be considered dues income in future budgets.