DISTRIBUTION OF CONTRIBUTIONS. The Statewide Campaign Organization shall disburse contributions at least quarterly beginning in April 2023 to each participating federation. Each federation shall accept responsibility for the accuracy of the distribution amount to their member agencies. If a federation plans to reimburse the cost of disbursing SECC funds to its partnering agencies, it must disclose a plan to do so to the SECC, just above the signature section of this memorandum of agreement. They must also justify amounts deducted from their disbursements to participating agencies. These deductions shall not exceed 11% of net receipts. Each federation must be willing and able to provide a bond, if required, in an amount satisfactory to the SECC Advisory Committee to protect the participant organizations and contributors. Each federation is expected to disburse on the basis of actual funds received, both designated and undesignated, rather than the amount pledged. Each federation shall disburse contributions quarterly to participating member agencies. In the event that a federation ceases to comply with the criteria and procedures as set forth in these rules, the SECC Advisory Committee will distribute the designated and undesignated funds contributed to the federation equally among the SECC charitable organizations under said federation. In the event a SECC charitable organization in a federation ceases to comply with the criteria and procedures as set forth in these rules, the SECC Advisory Committee will distribute the funds contributed to that organization, designated and undesignated, to the federation for distribution in accordance with federation policy. In the event a SECC charitable organization or any of its directors, officers or employees are the subject of any investigation or legal proceeding by any federal, state or local law enforcement authority based upon its charitable solicitation activities, delivery of program services, or use of funds, the organization must disclose the same to the SECC within 10 days of its learning of the investigation or proceeding. It must also disclose within 10 days the outcome of any such investigation or proceeding.
DISTRIBUTION OF CONTRIBUTIONS. The Trustee has agreed, pursuant to the terms of the Trust Agreement, to irrevocably hold, invest and reinvest all Contributions received by it in the Savings Account together with all income earned thereon, subject to the Fees, for purposes of making:
DISTRIBUTION OF CONTRIBUTIONS. The Statewide Campaign Organization shall disburse contributions at least quarterly, beginning in April 2022, to each participating independent agency. The SECC Advisory Committee may discontinue distribution of funds to any charitable organization that ceases to comply with the criteria and procedures set forth in 01 NCAC 35. The remainder of the agency funds shall be distributed as the SECC Advisory Committee may designate. In the event that a charitable organization or any of its directors, officers or employees are the subject of any investigation or legal proceeding by any federal, state or local law enforcement authority based upon its charitable solicitation activities, delivery of program services, or use of funds, the organization must disclose the same to the SECC within 10 days of its learning of the investigation or proceeding. It must also disclose within 10 days the outcome of any such investigation or proceeding.
