Petition 80370

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Financing (80370-LC-¶2543)

Amend ¶ No. 2543     
If any local church desires to:
a) build a new church, a new educational building, or a new parsonage;
b) purchase a church, educational building, or parsonage; or
c) remodel an existing church, an existing educational building, or an existing parsonage where the cost of the remodeling will exceed 10  25 percent of the value of the existing structure or require mortgage financing, then the local church shall first establish a study committee to:
(1) analyze the needs of the church and community;...

Rationale

Recognizing that the primary ministry of the local church is through its programming, approval of building projects and financing should be based on a reasonable assurance of continued full support of the church’s ongoing financial obligations.