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BYLAWS OF THE NATIONAL ASSOCIATION OF STATE AUDITORS, COMPTROLLERS AND TREASURERS

ARTICLE IV

THE EXECUTIVE COMMITTEE

SECTION 1
The Executive Committee shall consist of the current officers elected at the annual meeting of the Association, the immediate past President, if a member in good standing, and three representatives from each organization of State Auditors, State Comptrollers and State Treasurers elected by such organization. However, the members of the Executive Committee serving as such at the time these ByLaws are adopted by the Association shall continue in such office until their successors are elected and qualify in accordance with these ByLaws.

SECTION 2
If any organization of State Auditors, State Comptrollers or State Treasurers fails to elect its respective Executive Committee representatives within 15 days after an annual meeting, the President shall appoint representatives to serve.

SECTION 3
Regular meetings of the Executive Committee shall be held periodically at such times, as the Executive Committee shall determine by resolution. Special meetings of the Executive Committee may be called by the President or by a majority of the members of the Executive Committee. Meetings of the Executive Committee shall be held at such place as shall be designated in the notice of the meeting or otherwise as determined by the Executive Committee. Meetings of the Executive Committee may also be held by telephone conference call, subject to the same quorum and voting requirements as other meetings of the Executive Committee. The Executive Committee may also act upon written consent of a majority of the members of the Executive Committee then in office provided all members of the Executive Committee shall have received notice of the proposed action.

SECTION 4
No notice shall be required for regular meetings for which the time and place have been fixed. Written, oral or any other mode of notice of the time and place shall be given for special meetings in sufficient time for the convenient assembly of the Executive Committee members. Notice need not be given to any Executive Committee member who submits a written waiver of notice signed by such member before or after the time stated therein. No waiver need state the purpose of, nor the business to be transacted at, such meeting. Presence at any meeting without objection also shall constitute waiver of any required notice unless attendance is for the express purpose of objecting, at the beginning of the meeting, to the transaction of any business because the meeting is not lawfully called or convened.

SECTION 5
A quorum for purposes of transacting official business at meetings of the Executive Committee shall be a majority of the Executive Committee members then in office. The vote of a majority of the Executive Committee members present at a meeting at which a quorum is present shall be the act of the Executive Committee unless otherwise specified in these ByLaws.

SECTION 6
The Executive Committee shall have charge of the funds, property and management of the Association, forming a consulting and advisory body for the direction of its policies and affairs. The Executive Committee shall adopt annual budgets governing expenditures by the Association and may appropriate funds from the net balance in the treasury of the Association for expenses in carrying on the work of the Association.

SECTION 7
The President shall preside at all meetings of the Executive Committee. In the President's absence, the First Vice President or, if also absent, the Second Vice President shall preside.

SECTION 8
In the event that a vacancy shall occur in any Executive Committee position, a majority of the members of the Executive Committee shall be empowered to fill the vacancy until such time as the organization from which such Executive Committee member was elected may convene to elect a successor to fill the unexpired term.

ARTICLE V

STANDING COMMITTEES

SECTION 1
There are hereby created the following standing committees: (a) Auditing Committee; (b) Time and Place Committee; (c) Resolutions Committee; (d) Nominating Committee; (e) Constitution and ByLaws Committee; (f) Budget Committee; (g) State and Municipal Bonds Committee; (h) Personnel Committee; (i) Pension Committee; (j) Intergovernmental Relations Committee; (k) Task Force on Disclosure; and (l) FAF/GASB Relations Committee. The members of the standing committees shall be appointed by the President from among the members in good standing of the Association. The President shall serve as Chairman ex officio of each of the standing committees and of each other committee appointed by the President in accordance with Article 111, Section 6 of these By-Laws.

SECTION 2
Each standing committee shall study all substantive matters within the assigned jurisdiction of such committee. Each standing committee may make its own rules of procedure and shall meet where and as provided by such rules or by resolution of the Executive Committee.

ARTICLE VI

FISCAL YEAR AND ANNUAL STATEMENT

The fiscal year of the Association shall be July 1 and June 30, unless otherwise provided by the Executive Committee. The financial condition of the Association shall be audited annually and a financial statement prepared and presented to the members of the Executive Committee by October 15.

ARTICLE VII

ADOPTION AND AMENDMENT OF CONSTITUTION AND BYLAWS

The Constitution and ByLaws of the Association shall not become effective until the same shall have been considered at two separate business sessions of the members of the Association and adopted by the affirmative vote of not less than two-thirds of the members in good standing present. Amendments shall be acted upon in the same manner.

Committee Members | Officers | Constitution
Bylaws I - III | Bylaws IV - VII | Organization Structure