4735

4735. From the sale, acquisition, or transfer of real properties that occur within its fiscal year, a district may choose to invest or contribute up to 15 percent from the net proceeds to expand Wesleyan presence. Up to 10 percent may be used for technology upgrades to meet multimedia, network, and internet needs. In addition, up to 5 percent may be used to assist in the development of a Wesleyan presence in another country through Global Partners or to assist domestic Wesleyan compassionate ministries. The aggregate total of the district’s investment and/or contribution, whether internationally or domestically, cannot exceed 15 percent of the net proceeds of its transactions. The district board of administration must approve each investment and/or contribution with a two- thirds vote. Furthermore, each investment and/or contribution must have the written approval of the General Superintendent.