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Paragraphs in "International Tropical Timber Agreement" coded as FINAD

Label Provision
Art.7 Article 7
Art.7.1 1. The Council shall exercise all such powers and perform or arrange for the performance of all such functions as are necessary to carry out the provisions of this Agreement.
Art.7.2 2. The Council shall, by special vote, adopt such rules and regulations as are necessary to carry out the provisions of this Agreement, including its own rules of procedure and the financial and staff regulations of the Organization. Such financial regulations shall, inter alia, govern the receipt and expenditure of funds under the Administrative and Special Accounts. The Council may, in its rules of procedure, provide for a procedure whereby it may, without meeting, decide specific questions.
Art.7.3 3. The Council shall keep such records as are required for the performance of its functions under this Agreement.
Art.9 Article 9
Art.9.1 1. As a general rule, the Council shall hold at least one regular session a year.
Art.9.2 2. The Council shall meet in special session whenever it so decides or at the request of:
Art.9.2.a (a) The Executive Director, in agreement with the Chairman of the Council; or
Art.9.2.b (b) A majority of producing members or a majority of consuming members; or
Art.9.2.c (c) Members holding at least 500 votes.
Art.9.3 3. Sessions of the Council shall be held at the headquarters of the Organization unless the Council, by special vote, decides otherwise. If on the invitation of any member the Council meets elsewhere than at the headquarters of the Organization, that member shall pay the additional cost of holding the meeting away from headquarters.
Art.9.4 4. Notice of any sessions and the agenda for such sessions shall be communicated to members by the Executive Director at least six weeks in advance, except in cases of emergency, when notice shall be communicated at least seven days in advance.
Art.18 Article 18
Art.18.1 1. There shall be established two accounts:
Art.18.1.a (a) The Administrative Account; and
Art.18.1.b (b) The Special Account.
Art.18.2 2. The Executive Director shall be responsible for the administration of these accounts and the Council shall make provision in its rules of procedure therefor.
Art.19 Article 19
Art.19.1 1. The expenses necessary for the administration of this Agreement shall be brought into the Administrative Account and shall be met by annual contributions paid by members in accordance with their respective constitutional or institutional procedures and assessed in accordance with paragraphs 3, 4 and 5 of this article.
Art.19.2 2. The expenses of delegations to the Council, the committees and any other subsidiary bodies of the Council referred to in article 24 shall be met by the members concerned. In cases where a member requests special services from the Organization, the Council shall require that member to pay the costs of such services.
Art.19.3 3. Before the end of each financial year, the Council shall approve the administrative budget of the Organization for the following financial year and shall assess the contribution of each member to that budget.
Art.19.4 4. The contribution of each member to the administrative budget for each financial year shall be in the proportion which the number of its votes at the time the administrative budget for that financial year is approved bears to the total votes of all the members. In assessing contributions, the votes of each member shall be calculated without regard to the suspension of any member's voting rights or any redistribution of votes resulting therefrom.
Art.19.5 5. The initial contribution of any member joining the Organization after the entry into force of this Agreement shall be assessed by the Council on the basis of the number of votes to be held by that member and the period remaining in the current financial year, but the assessment made upon other members from the current financial year shall not thereby be altered.
Art.19.6 6. Contributions to the first administrative budget shall become due on a date to be decided by the Council at its first session. Contributions to subsequent administrative budgets shall become due on the first day of each financial year. Contributions of members in respect of the financial year in which they join the Organization shall be due on the date on which they become members.
Art.19.7 7. If a member has not paid its full contribution to the administrative budget within four months after such contribution becomes due in accordance with paragraph 6 of this article, the Executive Director shall request that member to make payment as quickly as possible. If that member has still not paid its contribution within two months after such request, that member shall be requested to state the reasons for its inability to make payment. If at the expiry of seven months from the due date of contribution, that member has still not paid its contribution, its voting rights shall be suspended and an interest charge shall be levied on its late contribution at the central bank rate of the host country until such time as it has paid in full its contribution, unless the Council, by special vote, decides otherwise.
Art.19.8 8. A member whose rights have been suspended under paragraph 7 of this article shall remain liable to pay its contribution.
Art.21 Article 21
Art.21.1 1. Contributions to the Administrative Account shall be payable in freely usable currencies and shall be exempt from foreign-exchange restrictions.
Art.21.2 2. Financial contributions to the Special Account shall be payable in freely usable currencies and shall be exempt from foreign-exchange restrictions.
Art.21.3 3. The Council may also decide to accept other forms of contributions to the Special Account, including scientific and technical equipment or personnel, to meet the requirements of approved projects.
Art.22 Article 22
Art.22.1 1. The Council shall appoint independent auditors for the purpose of auditing the accounts of the Organization.
Art.22.2 2. Independently audited statements of the Administrative Account and of the Special Account shall be made available to members as soon as possible after the close of each financial year, but not later than six months after that date, and be considered for approval by the Council at its next session, as appropriate. A summary of the audited accounts and balance sheet shall thereafter be published.
Art.26 Article 26
Art.26.1x When the Common Fund becomes operational, the Organization shall take full advantage of the facilities of the Second Account of the Common Fund according to the principles set out in the Agreement establishing the Common Fund for Commodities.
Art.41 Article 41
Art.41.1 1. The Council shall determine any settlement of accounts with a member which ceases to be a party to this Agreement owing to:
Art.41.1.a (a) Non-acceptance of an amendment to this Agreement under article 38;
Art.41.1.b (b) Withdrawal from this Agreement under article 39; or
Art.41.1.c (c) Exclusion from this Agreement under article 40.
Art.41.2 2. The Council shall retain any contribution paid to the Administrative Account by a member which ceases to be a party to this Agreement.
Art.41.3 3. A member which has ceased to be a party to this Agreement shall not be entitled to any share of the proceeds of liquidation or the other assets of the Organization. Nor shall such member be liable for payment of any part of the deficit, if any, of the Organization upon termination of this Agreement.