FINANCES

1) Resources : The resources of the FIA shall be derived from :  
 
a) the annual subscriptions paid by its Members;  
 
b) income and interests from any personal estate or real estate which the FIA might own;  
 
c) any fees and taxes which the Committee and the General Assembly should decide to collect;  
 
d) income arising directly or indirectly from sporting activities, including the FIA Championships.  
 
e) Income arising directly or indirectly from Automobile Mobility and Tourism activities.  
 
2) Subscriptions: The subscription of every FIA Member shall be payable by 31st March of each year. The scale shall be fixed by the annual General Assembly.  
 
On the 1st April of each year, the Presidents of the Clubs, Associations or Federations which have not yet paid their subscriptions shall be notified that they must effect their settlements. The Clubs, Associations or Federations which have not settled their subscriptions for the current year 30 days prior to the date of the General Assembly may not vote.  
 
Likewise, Clubs, Associations or Federations which, without a reason which the Senate recognises as valid, have not settled all financial commitments which were already due 6 months before the date of the General Assembly, shall not be allowed to vote.  
 
3) Temporary suspension: Clubs, Associations or Federations which have not paid their subscription for the previous year or which have not settled all the financial obligations which were already due the previous year without being able to give a reason which the Senate accepts as valid, shall automatically be suspended after a formal demand by registered letter is sent with official confirmation of receipt.  
 
Suspension shall entail the loss of the right to vote at the General Assembly, as well as incapacity to propose candidates for election to the Committee or to apply for the registration of a World Championship event on the International Sporting Calendar. Suspension precludes the refunding of travel and accommodation expenses relating to the General Assembly. Representatives elected to the Committee at the time of suspension, shall remain on the Committee until the end of their mandate. Such Clubs, Associations or Federations shall cease to be suspended as soon as all financial obligations have been met.  
 
4) Financial year : The financial year starts on 1st January and ends on 31st December.  
 
5) Funds : Sums of money may be drawn only on cheques bearing 2 signatures from among those accepted by the President and the Committee.