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| The Smith family fund should aid in financial assistance for family emergencies or any other crucially needed financial assistance. Therefore all offspring of the Smith family and their family members are eligible to utilize the family emergency fund acct. (regardless of their member/paying/ financial status)..Including but not necessarily limited to mom, dad, siblings, spouses, children, stepchildren. |
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| Anyone who wishes to retrieve money from the Smith Family emergency fund must submit their claim in writing, including the requested amount, the reason, and the time the funds are needed in detail. If all info is not submitted for claim it will be denied as an incomplete file and returned to the filer. Claim should be submitted to the governing board members only. Secretary should acknowledge request and cc all governing members. Governing board members will discuss a time to vote for all members at the initiation of the president. All members will be contacted and should respond/confirm their awareness of the voting meeting. Request will be approved by 2/3 out 75% of vote (for example at least 15 votes must say yay out of 20 voters). All request must be voted upon and closed with a response to the family member within two weeks. |
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| Only immediate family and their spouses can borrow. |
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| The voting members who are eligible to vote will be defined as the "individual" paying leaders of the household and the eligible children...this includes but is not limited to the sibling and their spouse, and any other monthly paying member..such as eligible children. |
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| The eligible financial and voting age for members will be 21. |
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| All members of the Smith family must be given the invitation to become a financial contributor at age 21 in writing by the president. The president must cc all governing board members and report request to voting meetings in quarterly communication. It is the responsibility of the family leader to inform the president of their child's 21st birthday. |
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| Must pay back within 45 days if not, must explain to the members why or why not |
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| If the member doesn't pay withing 45 days, will be a 5% fee tacked on and still must pay monthly membership |
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| Only can borrow once a year |
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| Must be current on membership to borrow |
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