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WAIPA Annual Report 2011

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CHAPTER IX<br />

Budget and Expenditure<br />

Article XXX<br />

The Permanent Secretariat shall prepare a budget for the administration of<br />

the affairs of <strong>WAIPA</strong> and shall submit it to the Steering Committee prior to the<br />

General Assembly for approval.<br />

Article XXXI<br />

The financial resources of <strong>WAIPA</strong> shall be made up of membership fees, third<br />

party financial support, voluntary donations, sponsorship fees, payments<br />

received for products or services rendered as well as of any other earnings or<br />

support not contrary to law.<br />

Article XXXII<br />

The Chairperson of the Steering Committee or any other person that may be<br />

appointed by the General Assembly may accept such voluntary donations as<br />

may be offered to <strong>WAIPA</strong>, provided that no condition contrary to the aims and<br />

interests of <strong>WAIPA</strong> is attached to such voluntary donations and the donation is<br />

disclosed immediately to the Members of the Steering Committee.<br />

CHAPTER X<br />

Dissolution of <strong>WAIPA</strong><br />

Article XXXIII<br />

1. Only a special General Assembly of Members which is called solely for this<br />

purpose shall decide about the dissolution of <strong>WAIPA</strong>.<br />

2. The dissolution approval requires, at least, 3/4 of all Members.<br />

<strong>WAIPA</strong> <strong>Report</strong> of Activities <strong>2011</strong>-2012<br />

105

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