CHAPTER X
Asociacion de vecinos Sa Plana Cala Murada – Statutes of the association
Economic regulation
Section 30.
The association has no assets.
Section 31.
The financial resources of the Association shall come from:
- Contributions set by the General Assembly for its members.
- Public or private subsidies.
- Donations, inheritances or legacies.
- Income from the assets themselves or from other income that may be generated.
Section 32.
All members of the Association shall be obliged to support the Association financially through membership fees in such manner and proportion as shall be determined by the General Assembly on the proposal of the Board. The General Assembly may set admission fees, regular monthly membership fees – to be paid monthly, quarterly or half-yearly as decided by the Board – and extraordinary membership fees.
Section 33.
The financial year coincides with the calendar year and ends on 31 December.