1. There shall be an annual Senate budget. The Executive Committee shall present annually a recommended budget for Senate consideration and action by the third regular Senate meeting of the calendar year.
  2. The annual budget shall be submitted by the Executive Committee to the Board of Trustees for inclusion in the budget of the University.
  3. The Senate shall have final authority for disbursing and distributing all discretionary allotments in the approved budget.
  4. Among the items in the Senate budget shall be appropriate allotments of reassigned time for the officers and Executive Committee of the Senate and other Senate members, and others as specified in Article V, Section 3a, whose duties, in the judgment of the Executive Committee, require reassignment from regular teaching or related functions.