Article VII. Apportionment of Funds

Section 1. All funds of this society not specifically under management of the Board of Trustees of Alpha Gamma Sigma, Incorporated, according to Article VII of the Bylaws of that Board (q.v.), shall be placed in the custody of the Treasurer of the State Advisory Board.

Section 2. All moneys accruing to the Alpha Gamma Sigma Advisory Board shall be placed in the General Fund of that Board's treasury. An exception shall be in the case where an advisor of a chapter in charge of registration at a State Convention opens a special temporary Alpha Gamma Sigma Convention account with a local bank. In such a case, when such an amount is closed after the convention, any assets remaining shall be transferred to the Advisory Board's General Fund.

Section 3. Expenditures from the General Fund, except those listed under duties of the Treasurer, shall be made upon authorization of the State Advisory Board.

Section 4. It shall not be the obligation of the AGS state organization to finance the expenses of students or advisors when attending meetings of the organization. All such expenses shall be borne by the individuals or their chapters with this one exception: The State Advisory Board shall pay the costs of the Fall Advisors' meeting, for food, travel and lodging for both student members of the Board of Trustees.

Section 5. The host college shall set the registration fee per delegate to cover the expenses necessary for the presentation of conferences.