Title: Allocations

Date Passed: 2018-11-12

Text:

Each week, up to $200 total of allocations may be approved over email. The
approval process begins when someone sends out their proposed allocation to
sipb-office@mit.edu. At this point, the comment period opens and any SIPB member
may second the allocation or voice an objection. After 24 hours, if the
allocation has been seconded and there have been no objections, the treasurer
may approve the allocation.  The allocation must be announced within another 24
hours of the closing of the comment period and announced at the next meeting.
Allocations which put us over $200 of weekly spending over email must be
proposed at meetings and approved by a vote of the board. Preexisting standing
allocations and discretionary funds are nullified by approval of this policy.