Society Board Approves CPAPAC Bylaws

July 1999 Issue

Society Board Approves CPAPAC Bylaws

On June 6 the NYSSCPA board of directors unanimously approved the corporate bylaws of the Society's political action committee, the New York State Society CPAPAC, Inc. CPAPAC will focus on state elective offices and leave federal elective offices to the AICPA's political action committee. The board had approved the formation of CPAPAC in February (See The Trusted Professional, February 1999).

Membership in CPAPAC is open to any Society member who has contributed to it in the past calendar year.

The bylaws establish an 18-member board of trustees that includes:

the Society's past president, current president, and president-elect;

one member from each of the 11 chapters nominated by the chapter president;

three members from the Society board of directors who do not belong to a recognized chapter; and

the PAC executive director--an ex officio, nonvoting member.

Nominees are subject to approval by the Society board and serve three-year terms with a two-term limit.

The bylaws also require the CPAPAC board's approval of disbursements over $1,000.

Once the CPAPAC board is selected, an initial meeting for the purpose of electing officers and developing a political strategy and disbursement policy will take place in August. Since 2000 is a statewide election year, the Society deems it essential to have a fully operational PAC by the end of 1999. *