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1.530 TREASURER
The Board of Directors shall elect a Treasurer of the Association who shall be a principal of a member school whose term of office shall not exceed three years. The treasurer shall, however, be eligible for successive terms in office. The Treasurer shall receive for deposit all funds belonging to this Association; shall pay out money from funds belonging to the Association only upon the order of the Board of Directors and approval by the President; shall furnish a bond, the amount of which shall be determined by the Board of Directors, premium on which shall be paid by the Association; shall keep separate bookkeeping records of all receipts and expenditures relating to each respective activity of the Association; and, shall make a complete financial statement to the Association as of June 30 of each year.
The Treasurer’s accounts shall be audited at least annually at the close of each fiscal year by a committee to be composed of the President of the Board of Directors as Chairman, the Chairman of the Legislative Commission and a third high school principal to be chosen by these two. This committee shall employ a certified public accountant who shall make the audit under its supervision. All expenses of the audit shall be paid by the Association.
1.600 DUES AND ASSESSMENTS
1.610 FISCAL YEAR
The fiscal year of the Association shall be from July 1 to June 30.
1.620 DUES
The Board of Directors shall have authority to assess annual membership dues to be paid by all schools belonging to the Association.
1.630 ENTRY FEES AND ASSESSMENTS
The Board of Directors shall be authorized to levy entry fees and assessments when necessary for the conducting of any interscholastic activity.
1.640 DATE OF PAYMENT OF DUES
The annual school membership dues, if assessed, shall be for the fiscal year of the Association, shall be payable on or after April 1 of each year and must be paid on or before June 30 of each year.
1.650 PENALTY
In case a school has allowed its membership to lapse, it cannot be reinstated until it has paid into the treasury the current dues plus an amount equal to one-third of the annual dues for that school year for which the school failed to pay its dues. However, in any event the penalty payment shall not exceed the dues for one full year.
1.700 LEGISLATIVE COMMISSION
1.710 AUTHORITY
All proposed amendments to either the Constitution or By-laws, or the consideration of any other proposed legislation, shall be referred to the Legislative Commission for evaluating and screening. Action shall be taken by the Commission on proposed legislation as provided for in Section 1.920.
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