Principles

The Fund will seek to honor the values of Raymond T. Cole: Education, Ethics, 46th District Democrats.

The Fund will be used for special projects and opportunities, and not for items or projects normally covered in the 46th District Democrats annual operating budget.

The Committee will establish a transparent and fair, yet flexible and non-bureaucratic, process to administer the Fund; determine criteria against which to evaluate funding proposals; and establish and follow a standardized proposal and evaluation process.

The Fund will be administered separately from the 46th District Democrats normal operating budget but will be contained within the overall budget.

The Committee will recommend funding of proposals to the 46th District Executive Board. Committee recommendations must be approved by the general membership at a regular meeting of the 46th District Democrats.

The Committee will provide progress reports to the 46th District Democrats.

The Fund will be administered with full compliance with PDC, IRS, and other legal regulations.