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The Statutes - Section VII

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SECTION VII. FINANCIAL RESOURCES

Article 50.

The Association shall have its own financial account.

The Association shall maintain the necessary books of accounts and shall file appropriate financial reports.

Article 51.

The resources of the Association shall derive from:

* membership fees, the amount of which shall be determined by the Steering Board,
* gifts, donations, legacies, bequests, and sponsorship from legal persons, natural persons, or otherwise, provided that they do not jeopardise the independence or impartiality of the Association and its members,
* other sources of finance

The financial and material resources of the Association shall be managed in accordance with standard accounting procedures according to law.

The Steering Board of the Association shall keep account of the income and expenditure of the Association.

The Steering Board of the Association shall maintain records of moveable and fixed property and real estate of the Association and shall record the value of property in the annual accounts.

Article 52.

Order to pay shall be authorised by the President of the Steering Board of the Association and shall be countersigned by the Secretary of the Steering Board or by a person authorised by the Steering Board, in accordance with the Procedure on financial issues.