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Paragraphs in "Agreement Establishing The Inter-American Institute For Global Change Research" coded as FINPR

Label Provision
Art.13 Article XIII Financial Provisions
Art.13.1 1. A budget of operational expenses for the Institute, consisting of salaries for the Directorate and basic support for the Directorate, Scientific Advisory Committee, and Executive Council, shall be supported by voluntary contributions pledged annually for a three-year period by the Parties in accordance with the interests of the Parties. Such pledges shall be in increments of US $5,000. The adoption of the annual budget shall be by consensus of the Parties. The Parties recognize that regular contributions to the operational budget are essential to the success of the Institute and that such contributions shall take into account the research resources of the contributing parties.
Art.13.2 2. Major research programs and specific projects, to be sponsored by the Institute, shall be supported from voluntary financial contributions pledged by the Parties and by the Associates of the Institute, or donated by other States outside the region, regional or international intergovernmental organizations, and industries and other nongovernmental and private organizations interested in supporting the Scientific Agenda and programmatic activities of the Institute.
Art.13.3 3. The Executive Council, with the assistance of the Director, will propose to the Conference of the Parties, for its approval, the establishment of an endowment fund which would generate income through an interest-bearing arrangement, as well as options to obtain resources through other means.