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Obligations under 501(c)(3) are not only reporting requirements. 

This responds to one part of @tromer's point at
https://forum.zcashcommunity.com/t/final-text-of-zip-1014/36002/3

Signed-off-by: Daira Hopwood <daira@jacaranda.org>
This commit is contained in:
Daira Hopwood 2020-02-15 12:50:00 +00:00
parent f7229384d9
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1 changed files with 2 additions and 2 deletions
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zip-1014.rst
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@ -203,8 +203,8 @@ The funds SHALL be received and administered by ZF. ZF MUST disburse them as
6. The Major Grant Review Committee's funding decisions will be final, requiring 6. The Major Grant Review Committee's funding decisions will be final, requiring
no approval from the ZF Board, but are subject to veto if the Foundation no approval from the ZF Board, but are subject to veto if the Foundation
judges them to violate U.S. law or the ZF's reporting requirements under U.S. judges them to violate U.S. law or the ZF's reporting requirements and other
IRS 501(c)(3). obligations under U.S. IRS 501(c)(3).
7. Major Grant Review Committee members SHALL have a one-year term and MAY sit 7. Major Grant Review Committee members SHALL have a one-year term and MAY sit
for reelection. The Major Grant Review Committee is subject to the same for reelection. The Major Grant Review Committee is subject to the same