NCANA Strategic Reserve Fund

I. Purpose

The North Carolina Association of Nurse Anesthetists (NCANA), as the recognized professional organization for North Carolina, is concerned with the welfare of its constituents. The NCANA membership believes it is in the best interest of CRNAs throughout the state to address adverse practice issues in a manner that provides additional financial support to our state association, primarily to preserve and advance the rich heritage of CRNA practice. These funds will enable the state association to engage in increased efforts and to create more favorable legal, regulatory and legislative environments for nurse anesthesia practice throughout North Carolina.

Such situations may include, but are not limited to:

1. Litigation having the potential to affect the profession of nurse anesthesia statewide. (Note: In the event of positive financial legal settlement, the funds would be reinvested in the SRF).
2. Administrative agency rulemaking having the potential to affect the profession of nurse anesthesia statewide.
3.  Official legal opinions, such as Attorney General opinions, having the potential to affect the profession of nurse anesthesia statewide

The strategic reserve funds may be accessed in the event of :

LEGAL ISSUES

The given years budgeted legal funds have been exhausted. Expenses have further exceeded 10% of that years operating budget. (Note: Funds for the 10% excess will be obtained from the Edward D. Jones & Co. General Money Market Account, or its successors). The decision to access the Strategic Reserve Fund will be made by a quorum of the following:

1. The current NCANA BOD
2. One member at large from each district as appointed by he current President of the NCANA
3. The immediate past president of the NCANA

Contribute to Strategic Reserve Fund Now