|
Little Rock Fraternal Order of Police members can request up to a $1,000.00 interest free loan for financial assistance due to a disciplinary suspension. Per the LRFOP Constitution and By-Laws, loans can only be given to members who have received a disciplinary suspension without pay from the Little Rock Police Department, and the loan cannot exceed $1,000.00.
If you have been suspended from the Little Rock Police Department and you need a loan from the LRFOP, please complete submit a copy of your letter of suspension from LRPD as well as a copy of your most recent paycheck stub (pre-suspension) that includes your name, gross pay, and net pay for 80 hours. (You may redact all other information). These documents should be emailed to Info@Lrfop.org and they will be forwarded to the LRFOP Executive Board for consideration at the next LRFOP meeting.
If you loan is granted, you will be required to complete a promissory note for the amount of the loan. (See attached Promissory Note Form.)
For reference, the article in the LRFOP Constitution and By-Laws that addresses monetary loans is detailed below.
ARTICLE 17 - MONETARY LOANS
Section 1. All requests for monetary loans from members of Lodge 17 must be made in the following manner, when a member, as a result of the performance of police duty receives disciplinary action:
- The member must first submit the request, all relative facts and the amount requested to the Lodge 17 Executive Board of Directors in writing.
- The Board of Directors for Lodge 17 may then consider the request and make their recommendations.
Section 2. All requests for monetary loans will be heard at the next General
Membership meeting, regardless if it is a regular or special meeting. Requests will not be heard unless they are in written form and have followed the provisions of Section 1.
Section 3. Monetary loans for any purpose other than for loss of pay as a result of disciplinary action, while a member was acting in his official capacity, will not be granted.
Section 4. Monetary loans to cover pay losses shall be based on the member’s net pay for the period of the disciplinary action. The maximum allowable loan shall be for one-thousand dollars ($1,000.00).
Section 5. Members that are granted monetary loans from Lodge 17 must agree to sign a promissory note to pay back the loan. The promissory note must be signed by the requesting member, the President of Lodge 17, and the Secretary of Lodge 17, under Lodge Seal, prior to the loan being made.
Section 6. The Lodge 17 Board of Directors will designate the amount of time the member has to pay back the monetary loan. The maximum allowable time will not exceed eighteen (18) months.
Section 7. In cases of emergency, where time is of great importance and waiting for a General Membership meeting could cause great hardship on the requesting member, direct appeal to the President of Lodge 17, in writing, may be accepted. The President, after getting a favorable vote from the Board of Directors, may grant a monetary loan for a maximum of one-thousand dollars ($1,000.00).
Download:
|
