Joe Ranzau wisely pointed this item out below:
Thanks! Mark Alman ________________________________ From: jran...@gmail.com [mailto:jran...@gmail.com] On Behalf Of Joe Ranzau Sent: Wednesday, May 28, 2008 12:10 PM To: Alman, Mark @ IRP Subject: Re: [Texascavers] The TSA Needs Your Thoughts: TSA Land Fund Dispensation It might be good to point out the following restriction from the foundation document. 8. Termination of the Foundation. If for any reason the Foundation is terminated or its assets are distributed generally, the assets of the Fund shall be transferred by the Foundation to any other cave conservation organization or organizations located in Bexar, Dallas or Travis counties, Texas that are exempt from Federal income tax. On Wed, May 28, 2008 at 11:36 AM, <mark.al...@l-3com.com> wrote: >From the Minutes of the Spring TSA Business Meeting, April 6th, 2008 Convened at the TSA Spring Convention, April 5th thru the 7th, in Kerrville, TX at the Kerrville-Schreiner Park. Submitted by Mark Alman, TSA Secretary. "The TSA Constitution was reviewed concerning dispersing these funds and was agreed that all can be dispersed, minus the original $500 seed money given by the NSS at the 1994 Convention.
