DRAFT This is a draft proposal which has not yet been voted on by the committee.
Proposed by Aaron Starr.
- Problem: With just a majority vote, the National Committee can enter into long-term contracts that bind future National Committees. As a consequence, even when delegates want to replace the National Committee, the incoming National Committee can be stuck with the prior administration’s decisions for a very long time.
- Solution: Require a two-thirds vote for any agreement that effectively binds the National Committee beyond its current term, with the exception of conventions, which need to be planned years in advance to obtain available space and minimize their cost.
Bylaws of the Libertarian Party
ARTICLE 10: FINANCE AND ACCOUNTING
- The Party shall not borrow in excess of $2,000 total without prior approval by 2/3 vote of the National Committee. This shall not include current operating debt for trade payables. With the exception of convention-related contracts and ongoing monthly operating expenses that may be terminated without penalty with one month’s notice, the Party shall not impose a financial commitment binding upon a future National Committee unless approved with a 2/3 vote of the National Committee.
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