Common use of Financial Management of Consortium Clause in Contracts

Financial Management of Consortium. Pooled membership funding is used to support operational and research needs of the Consortium. Annual membership dues are established as follows, depending on annual assessment : • Corporate Member $500 - 1,000 • Academic Institutional Member $500 • Non-governmental Organization Member $500 NMSU has an interest in ensuring that faculty participants in the Consortium obtain recognition from their Deans and Department Heads for Consortium-related research, public service and/or instructional activities. Consequently, each Core project proposal awarded by the Consortium – and any resulting award or applicable rejection is subject to normal University procedures for processing that submission. The annual period for paying membership is based on calendar (January 1 – December 31), and is the same for each Member. The Program Director is responsible to ensure the timely payment of membership dues, as authorization to undertake work within the Consortium is dependent on their collection. Each Member must pay its dues annually as a lump sum. The Annual membership dues and pooled sponsorship funding will be deposited in a pooled (termed “public service”) account at NMSU. This prime account is used as a “holding” account for membership dues and sponsorship funds. Membership dues and pooled sponsorship funds are then utilized to fund research projects, the Consortium’s administrative budget, and future encumbrances (e.g., planned procurement of large-scale instrumentation for the benefit of membership projects, etc.). A clear breakdown of how membership dues is allocated will be provided annually.

Financial Management of Consortium. Pooled membership funding is used to support operational and research needs of the Consortium. Annual membership dues are established as follows, depending on annual assessment : • Corporate Member $500 - 1,000 • Academic Institutional Member $500 • Non-governmental Organization Member $500 NMSU has an interest in ensuring that faculty participants in the Consortium obtain recognition from their Deans and Department Heads for Consortium-related research, public service and/or instructional activities. Consequently, each Core project proposal awarded by the Consortium – and any resulting award or applicable rejection is subject to normal University procedures for processing that submission. The annual period for paying membership is based on calendar (January 1 – December 31), and is the same for each Member. The Program Director is responsible to ensure the timely payment of membership dues, as authorization to undertake work within the Consortium is dependent on their collection. Each Member must pay its dues annually as a lump sum. The Annual membership dues and pooled sponsorship funding will be deposited in a pooled (termed “public service”) account at NMSU. This prime account is used as a “holding” account for membership dues and sponsorship funds. Membership dues and pooled sponsorship funds are then utilized to fund research projects, the Consortium’s administrative budget, and future encumbrances (e.g., planned procurement of large-scale instrumentation for the benefit of membership projects, etc.). A clear breakdown of how membership dues is allocated will be provided annually.

Financial Management of Consortium. Pooled membership funding is used to support operational and research needs of the Consortium. Annual membership dues are established as follows, depending on annual assessment assessment: • Corporate Member $500 - 1,000 • Academic Institutional Member $500 • Non-governmental Organization Member $500 NMSU has an interest in ensuring that faculty participants in the Consortium obtain recognition from their Deans and Department Heads for Consortium-related research, public service and/or instructional activities. Consequently, each Core project proposal awarded by the Consortium – and any resulting award or applicable rejection is subject to normal University procedures for processing that submission. The annual period for paying membership is based on calendar (January 1 – December 31), and is the same for each Member. The Program Director is responsible to ensure the timely payment of membership dues, as authorization to undertake work within the Consortium is dependent on their collection. Each Member must pay its dues annually as a lump sum. The Annual membership dues and pooled sponsorship funding will be deposited in a pooled (termed “public service”) account at NMSU. This prime account is used as a “holding” account for membership dues and sponsorship funds. Membership dues and pooled sponsorship funds are then utilized to fund research projects, the Consortium’s administrative budget, and future encumbrances (e.g., planned procurement of large-scale instrumentation for the benefit of membership projects, etc.). A clear breakdown of how membership dues is allocated will be provided annually.