Difference between revisions of "2005:3b"

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(Created page with "::'''<span id="2005:3b">(b)</span> Building Project Adjustment.''' Whenever a local church engages in a major building project (1345:2) and fund drive which has been grant...")
 
 
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::'''<span id="2005:3b">(b)</span> Building Project Adjustment.''' Whenever a local church engages in a major building project ([[1345:2]]) and fund drive which has been granted district board of administration approval, the involved local church’s base income figure shall be reduced by the amount of designated funds received for the approved project.
::'''<span id="2005:3b">(b)</span> Annual Rate.''' The General Board shall set and publish the annual rate for capped churches based on the increase or decrease of consumer price indices for the previous year or 3 percent, whichever is less.

Latest revision as of 15:27, 13 November 2022

(b) Annual Rate. The General Board shall set and publish the annual rate for capped churches based on the increase or decrease of consumer price indices for the previous year or 3 percent, whichever is less.