General

1. No funds shall be expended, encumbered, or otherwise disbursed by the Association or the Students' Organizations Fund (except for funds withdrawn from the accounts of student organizations by their treasurers) other than in accordance with the procedures for the authorization of expenditures or investments contained in these By-Laws.

2. All funds expended by the Association shall be used for the basic operating expenses of the Association, or for programs initiated by and under the control of the Association and its agencies.

3. No funds shall be expended as salaries or wages by any Association department or agency, except as specifically provided in the Association operating budget or the budget of that agency, or pursuant to the authority contained in these By-Laws.