RE: iasa-bcp-01 - Open Issues - Separate bank accounts

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> >> I do want it back. Of course the exact words don't matter, but I
> >> think that Principle 5 in Section 2.2 needs to be explicit that
> >> the funds belong to the IETF whatever happens. For example:
> >>
> >>    All such funds and donations shall belong irrevocably
> >>    to the IETF.
> >>
> >> I can't personally see a better word than "irrevocably," but it
> >> is really a lawyer/accountant question how to phrase it.
> > 
> > 
> > I actually think a lawyer/accountant would have more trouble with the 
> > word "belong" - since the IETF is STILL not an entity capable of 
> > claiming ownership, I think you need to do something like this:
> > 
> > "Donations to the IETF shall be irrevocably committed to the support of 
> > the IETF".
> > 
> > Does that make sense? (I'm not sure it does - any simple formulation I 
> > make up on the spot either makes it so that meeting fees fall outside or 
> > that ISOC funding promises are also "irrevocable", making the 
> > within-year budget adjustments allowed for later violate the principle. 
> > My inability to formulate the principle right doesn't mean that the 
> > principle is invalid, however...)
> > 
> Indeed :-)
> 
> We agree, I think. Your phrase is OK for me.
> 
How about

   Once funds or in-kind donations have been credited to the IETF accounts,
   they shall be irrevocably allocated to the support of the IETF.

Bert
>     Brian
> 

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