BUILDING FUND

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Definitions

1. the purpose of this account is to provide a cushion by which an organization which is becoming insolvent may be salvaged. The secondary purpose of the building fund is to purchase property, but when - this is done, the purchase must be for cash or, if any mortgage is involved, all further payments than the initial payment must be made from the expense sum. Building fund monies, being under the control of only the International Board, may also be used for other board purposes without local consultation. These include research projects or experimental dissemination projects in the local area or research on an international basis. (HCO PL 18 Jan 65)

2. 12 1/2 per cent of the allocation sum. (HASI PL 19 Apr 57, Proportionate Pay Plan)