Page 48 - TNPGA 2020 Directory

BY-LAWS - continued

not be awarded. Applicants shall be graded based on a points system designated by the committee and
approved by the board.
Section 9.04. Scholarship Terms. Each scholarship will be awarded for one year only. Upon
reapplication, an award may be renewed. No more than six awards will be made in a year. Proceeds
will be paid to the recipient in installments matching the school’s division of the academic year after
receipt of proof of enrollment and of continuing good standing. Recipients must maintain a grade point
average of 2.5 on a 4.0 scale or provide proof of good standing at schools not using a numerical grading
system. The two Pace scholarships shall be awarded in the amount of Two Thousand Dollars each and
shall be awarded to students attending a four-year college or university. The Darden, the May and the
Bob N. Wallace scholarships in the amount of Two Thousand Dollars each will be awarded to students
attending a four-year college or university, a junior college, or a vocational school. The Lloyd Downing
scholarship in the amount of One Thousand Dollars will be awarded to students attending a four-year
college or university, a junior college, or a vocational school.

Section 9.05. Funding. Monies collected for the scholarships shall be held in a separate investment
account. All contributions should be made to the TNPGA Scholarship Fund. At least one scholarship
fund raising event shall be held in conjunction with the Annual Meeting and Convention. While the
program is expected to be self-supporting, any shortfall in a given year shall be taken from Association’s
general funds. Excess scholarship funds shall be left to accumulate. All scholarship investment monies
shall be invested in accounts approved by the board of directors and reviewed annually to maximize
returns.

The Bob N. Wallace Scholarship will be funded by private donations and private investments, to be
administered otherwise according to these by laws. There shall be no administrative fee charged to any
of these scholarship funds by TNPGA for normal and customary handling.

ARTICLE 10 – AMENDMENTS
These Bylaws may be amended by a majority vote of the members at any meeting with a quorum
present. Written notice of the presence of bylaw amendments on the agenda must be furnished to all
members at least thirty days prior to the meeting.

ARTICLE 11 – PARLIAMENTARY AUTHORITY
Robert’s Rules of Order, Revised shall govern proceedings of the Association, its Committees, and
Board unless modified by express rule.

ARTICLE 12 – ASSESSMENTS AND DUES
The Board of Directors may create a dues structure as it deems appropriate giving due consideration to
the financial condition of the Association. The Board may also make special assessments, as it deems
necessary for the welfare of the Association.

48 TNPGA MEMBERSHIP DIRECTORY - 2020