BE IT ENACTED as a bylaw of the University of Waterloo, as follows:

1. FINANCE COMMITTEE

There shall be a standing Committee of the Senate called the Finance Committee.

2. COMMITTEE MEMBERSHIP

The membership of this Committee shall consist of the following:

a. The President of the University who shall be Chair of this Committee.

b. The Vice-President, Academic & Provost.

c. The Vice-President, Administration & Finance.

d. The Associate Provost, Academic & Student Affairs.

e. The Dean of each Faculty, the Dean of Graduate Studies and the Vice-President, University Research.

f. One member from the community-at-large members of the Board of Governors.

g. One elected faculty member of Senate from each Faculty and one faculty member of Senate from the federated and affiliated Colleges.

h. Three members from the elected student members of the Senate, at least one of whom shall be an undergraduate student and at least one of whom shall be a graduate student.

i. One member from among the alumni members of Senate.

3. POWERS AND DUTIES OF FINANCE COMMITTEE

The Finance Committee shall have the following powers and duties:

a. To consider, study, and review all matters pertaining to the financial operations of the University and to make recommendations to the Senate thereon.

b. To consider, study, and review the general policies governing the internal allocation of the University's financial resources and to make recommendations to the Senate thereon.

c. To receive each year from the President, for consideration, study, and review, on behalf of the Senate, a detailed operating budget for the University and to make recommendations to the Senate thereon.

4. TERM OF OFFICE

The term of office of members shall be for one year. Each member is eligible for re-election.

5. INTERPRETATIONS

a. In this Bylaw, where the title "President" appears, an Acting President or President pro tem, so designated by the Board of Governors, shall serve in the place of the President, with the latter's full rights and responsibilities.

b. In this Bylaw, where the title "Vice-President, Academic & Provost" appears, an Acting Vice-President, Academic & Provost or Vice-President, Academic & Provost pro tem, so designated by the President or Acting President or President pro tem and/or the Board of Governors, shall serve in the place of the Vice-President, Academic & Provost, with the latter's full rights and responsibilities.

c. In this Bylaw, where the title "Vice-President, Administration & Finance" appears, an Acting Vice-President, Administration & Finance or Vice-President, Administration & Finance pro tem, so designated by the President or Acting President or President pro tem and/or the Board of Governors, shall serve in the place of the Vice-President, Administration & Finance, with the latter's full rights and responsibilities.

d. In this Bylaw, where the title "Associate Provost, Academic & Student Affairs" appears, an Acting Associate Provost, Academic & Student Affairs or Associate Provost, Academic & Student Affairs pro tem, so designated by the President or Acting President or President pro tem and/or the Board of Governors, shall serve in the place of the Associate Provost, Academic & Student Affairs, with the latter's full rights and responsibilities.

e. In this Bylaw, where the titles "Dean of each Faculty" or "Dean of Graduate Studies" appear, an Acting Dean, or Dean pro tem, so named to serve for a period of three months or more by the President or Acting President or President pro tem of the University, shall serve in the place of the Dean, with the latter's full rights and responsibilities.

f. In this Bylaw, where the title "Vice-President, University Research" appears, an Acting Vice-President, University Research or Vice-President, University Research pro tem, so designated by the President or Acting President or President pro tem and/or the Board of Governors, shall serve in the place of the Vice-President, University Research, with the latter's full rights and responsibilities.

Approved by Senate November 16, 1972
Amended by Senate January 15, 1973
Amended by Senate in two readings September - October 1975
Amended by Senate in two readings September - October 1977
Amended by Senate in two readings April - May 1984
Amended by Senate in two readings April - May 1989
Amended by Senate in two readings February - March 1990
Amended by Senate in two readings October - November 1990