Constitution Article 5

ARTICLE 5

FINANCES

50. REIMBURSEMENT

The expenses of each member of the Federated Council and Section Commissioners may be paid by the Federation for attending meetings of the Council.

51. ASSESSMENT

The expenses of the Federated Council shall be met by an assessment levied upon each section at the beginning of the school year.

52. FISCAL LEGISLATION

Legislation which has a fiscal impact upon the State CIF budget shall be submitted, no later than March 10, to the State CIF Executive Committee for their review in developing a recommendation for the Federated Council at its spring meeting. ("Legislation" is interpreted to mean legislation or business internal to CIF and/or its member sections).

52A EXPENSES (CENTRAL SECTION)

Expenses: Necessary expenses of all Central Section Board of Managers meetings and committee meetings approved by the President or the Section Commissioner, shall be paid from Central Section Funds.

53. INDEMNIFICATION OF SECTIONS

The CIF shall indemnify Sections against documented net revenue loss as a result of a Section's participation in a system-wide merchandising or sponsorship program in lieu of a Section-based program of like kind for a period of one year. Sections so indemnified shall in future years of participation in that same system-wide program re-pay such amounts as they received in indemnified loss by receiving 10 percent per year less than they would have received without such indemnification, provided that such reduction shall not cause a Section to receive less than the revenue documented for purposes of indemnification plus 5 percent annual growth. Indemnification of loss shall cease after one year.