Hydra financial bylaws

DEPRECATED - replaced 2016-06-10 by  Samvera financial governance

1. Hydra shall establish and maintain a standing financial subcommittee consisting at any time of at least four members of the Hydra Steering Group.  Current members of the financial subcommittee must be listed in the open wiki.
2. The subcommittee shall be responsible to the wider Hydra Community for managing Hydra's monies (including an annual financial statement to Partners) and for recommending financial strategy.
3. Two members of the subcommittee shall be designated "financial stewards" who will be Hydra's normal points of contact with its fiscal sponsor (currently DuraSpace).
4. Either financial steward shall be empowered to authorize routine banking transactions up to the value of $250 without prior permission from the larger Steering Group provided only that the authorizing email be copied to all members of Steering.  Routine payments are identified on the Steering Group page: