Nominations for the election of three new trustees on the TECT board open today. TECT is a Western Bay of Plenty organisation that provides financial support for community projects, events and grassroots organisations.
The trustees retiring this year by rotation were Natalie Bridges, Bill Holland and Amanda Sutcliffe.
About 40 per cent of TECT's assets were held in a diversified portfolio, including a range of national and international investments.
Returns from the investments were distributed by way of rebates to eligible TECT beneficiaries and grants to community organisations in the Western Bay of Plenty area.
The Trust had again appointed Warwick Lampp as its independent returning officer to manage the election process.