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STATUTES OF THE ASSOCIATION OF MEDITERRANEAN DELTAS (DELTA-MED).

PART FOUR
ASSETS AND FINANCIAL SYSTEM OF THE ASSOCIATION

Artículo 30º.- Assets.

1. The Association will have its own independent assets. It has no initial assets.
2- It will function with a system based on an annual budget and this sum will be allocated to the functioning and the activities of the Association.

Artículo 31º.- Financial Resources.

1. The General Assembly will establish and modify the annual quotas for belonging to the Association as stated in these Statutes.
2. The income for the Association may also come from grants made by public institutions, donations, legacies and bequests which may be accepted and, in the event, income from the sale of publications or the quotas for attending the activities it might promote.
3. The Executive Board will draw up a budget plan each year and will submit this to the Assembly for approval. In addition, it will submit the liquidation of the accounts of the previous year for the approval of the Assembly.