Summary of Policies
Adopted by the IMPAC Trustees

The following represents a summary of motions adopted by the IMPAC Trustees over the past several years:

INITIATIVES
No funds will be forwarded to initiative committees until the initiative under consideration can be identified and analyzed by the Trustees.  (12-7-89)

DEADLINES
State IMPAC Request must be submitted three weeks before a meeting of the Trustees unless late submission is approved by the Chair

Local IMPAC Requests which fund gifts to public officials must be submitted within 21 days of the event.

Local IMPAC Requests must be submitted within 60 days of the event or activity being funded.

DEFICITS
IMPAC's policy is not to fund deficits from state IMPAC funds.

IMPAC/LCRC EXCHANGES
That C.A.R. create a registry of local Boards willing to exchange LCRC and IMPAC funds and that those exchanges be facilitated on a first-come first-serve basis. 

That exchanges between a Board operating within the C.A.R. PAC structure and a Board operating independent of the C.A.R. PAC structure be addressed on a case-by-case basis when the independent PAC is a proportionate contributor to C.A.R.'s state PACs.  (Further, if the Board PAC does not proportionately contribute to the C.A.R. PACs, the exchange will not be permitted.) (7-9-87)

LOCAL IMPAC FUNDRAISING 
All CREPAC or IMPAC funds raised from events not held in conjunction with, or in lieu of, the annual dues billing, shall be credited to the Board's LCRC or Local IMPAC account.  (12-12-86)

INTERBOARD IMPAC  SOLICITATION
...it shall be the policy of the IMPAC Trustees that excess funds raised by local Boards through the interboard solicitation process shall be handled as follows: 

• That all Local IMPAC check requests that arrive at C.A.R. more than 30 days after election day or when the solicitation fundraising goal has been met, whichever comes first, be returned to the local Boards.  (7-12-91)

• The solicitation form now include a cut-off date indicating the date upon which the solicitation will be ended. (7-12-91)

• Local IMPAC interboard solicitation forms should be reviewed by the IMPAC Trustees or chairman prior to mailing. (7-12-91)

• That all requests for interboard IMPAC solicitations be presented to the State IMPAC Trustees prior to mailing to the local Boards.  Further, in all instances, the interboard solicitation form and accompanying materials must be reviewed by the IMPAC chairman and the form will indicate one of the following actions with respect to the solicitation:

     1. That the interboard solicitation has been endorsed by the state IMPAC Trustees;
     2. That the interboard solicitation has not yet been reviewed by the IMPAC Trustees;
     3. That the IMPAC Trustees did not receive a request from the Board to conduct an interboard solicitation; or
     4. That the IMPAC Trustees specifically did not approve the interboard solicitation.

•  When an interboard solicitation is conducted without the knowledge or review of the IMPAC chairman or Trustees, no funding requests will be processed by staff. (10-4-91)
• It is not the intent of the IMPAC Trustees to discourage interboard solicitations within a city, county or region.

INTERBOARD LOANS
Loans of Local PAC funds from one local Board to another be allowed subject to the following conditions:

• That a Board's outstanding debt obligation may not exceed 100% of the amount it raised for its Local PAC through Political Survival in the previous year; and

• That C.A.R. receive written approval from both the lending Board and the borrowing Board that the loan is agreeable to both parties;

• That C.A.R. play an active role in monitoring the debt limit of local Boards.

LOCAL BOARD POSITION ON STATE INITIATIVES
Because the IMPAC Trustees recognize that the California Association of REALTORS® encourages the proactive involvement of local Boards in public policy issues affecting their communities, in the absence of a C.A.R. position on a state ballot measure or an initiative petition effort, if a local Board wants to participate with its Local IMPAC funds, the Trustees will evaluate these requests on a case-by-case basis with special consideration given to the relevance of the issue to real estate.

N.A.R. ISSUES MOBILIZATION COMMITTEE
"The Issues Mobilization Political Action Committee (IMPAC) of the California Association of REALTORS® is a self-sufficient PAC.  The Trustees anticipate that, given current funding levels, IMPAC is able to meet the ongoing advocacy needs of the state Association and local Boards on state and local issues.
"The National Association of REALTORS® Issues Mobilization Committee may represent an option to fund a state or local issue only in extraordinary circumstances (e.g., in the instance of a precedent-setting issue of nationwide significance.)"  (7-20-90)

MAJOR ISSUES FUND
Shall establish a reserve fund for the purpose of setting aside resources on a periodic basis which can be utilized to proactively support the Association's goals and objectives at the state level.

STATE LOBBYING BY LOCAL BOARDS
IMPAC funds cannot be used for any purpose or activity which would trigger lobbying reporting or registration under the state Political Reform Act.

GIFTS TO PUBLIC OFFICIALS
If all or a portion of the Purpose of Funding is to pay for a gift to a state or local elected or appointed government official (including a gift of food and beverages), the following information must be attached and the request for reimbursement must be submitted to IMPAC within 21 days of the gift.

• Date of Gift
• Name of Reportable Person(s)
• Position/Title
• Amount of Gift
• Total Activity (e.g., 10 people at dinner at a cost of $100)
• Location of Event or Address of Vendor (flower shop, restaurant, hotel, etc.)
• Number of Reportable Attendees
• Number of Total Attendees