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RE: [nc-budget] ICANN Procedures for Handling DNSO Funds
Louis Touton
Vice-President
ICANN
Louis-
Thanks for your attached note in which you set forth ICANN management's
proposed terms for it role as a custodian of funds voluntarily collected to
provide support for the ICANN Domain Names Supporting Organization (DNSO) in
general and the ICANN Names Council in particular. The Names Council Budget
Committee, which has been delegated authority by the Names Council to act on
behalf of the Names Council in this matter, met on June 2nd to review your
attached proposal.
I'm pleased to advise you that the Names Council Budget Committee has
approved your attached proposal and we view it as taking effect immediately.
Consequently, we will commence the solicitation of donations to ICANN for
this purpose and ask that you regularly keep us advised of donations that
you have received.
Best regards,
Roger Cochetti
Chairman
Names Council Budget Committee
-----Original Message-----
From: Louis Touton [mailto:touton@icann.org]
Sent: Saturday, June 02, 2001 12:20 AM
To: nc-budget@dnso.org
Cc: touton@icann.org; M. Stuart Lynn
Subject: [nc-budget] ICANN Procedures for Handling DNSO Funds
To the DNSO Budget Committee:
This document describes the arrangements under which ICANN will handle
funds received from contributors designating those funds as intended to
support the DNSO and its activities. This document is based on ICANN
Board resolution 01.36
<http://www.icann.org/minutes/prelim-report-13mar01.htm#01.36> and DNSO
Decision D2 of 9 May 2001
<http://www.dnso.org/dnso/notes/20010509.NCtelecon-minutes.html>.
1. Funds received by ICANN that are contributed for the support of the
DNSO and its activities will be placed in a bank account or accounts
separate from the accounts holding other ICANN funds.
2. ICANN will not charge administrative fees against the account(s) for
its internal costs of handling the funds. ICANN will use reasonable
efforts to arrange for bank accounts that provide interest on deposited
funds. Bank charges and out-of-pocket costs in maintaining the
account(s) will be deducted from the account(s).
3. ICANN management will disburse funds from the account(s) according
to the instructions of the Names Council, or according to the
instructions of DNSO committees or officials designated by Names Council
resolution, unless ICANN management determines that following a
disbursement instruction would be illegal or jeopardize ICANN's
tax-exempt status. In the event of that ICANN management makes either
of these determinations, it will so advise the Names Council.
4. ICANN management will consult with the Names Council or its designee
regarding questions that may arise with respect to the handling of the
funds, including questions about the sufficiency of instructions that it
receives. ICANN management will provide the Names Council or its
designee with periodic reports regarding the activity in accounts in
which the DNSO funds are held.
5. These arrangements will be changed only with agreement of the Names
Council (or its designee) or with 60 days notice to the Names Council.
I hope the above arrangements are satisfactory. Please feel free to
discuss any additional questions you may have with me or Stuart.
Best regards,
Louis Touton
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