Third Chapter
Financial Matters

Funding Sources

Article 82
The financing for carrying out the programs, projects, and activities of the Committee shall derive from the following sources: the Regular Fund of the Organization, specific funds, and the Special Multilateral Fund of CIDI (FEMCIDI). In addition, each member state of the Committee shall cover the costs of the participation of its respective delegation in the meetings of any organ of the Committee. The financing of those programs, projects, and activities of the Committee that are not included in the program-budget of the Organization or that are not to be financed by FEMCIDI shall be paid for by the Committee.

Regular Fund

Article 83
The resources of the Regular Fund allocated for the functioning of the Committee may only be used to finance, within the limits approved in the program-budget of the Organization, the following:

a. Regular support services of the General Secretariat to the Committee;
b. Meetings of the Committee, in accordance with the resources allocated for that purpose in the program-budget of the Organization. The financing of those meetings of the Committee that are not contemplated in the program-budget of the Organization shall be paid for by the Committee itself.
Specific Funds

Article 84
1. The General Secretariat may establish and administer specific funds, in separate accounts, in accordance with Article 68 of the General Standards and Article 24 of the Statutes of the Special Multilateral Fund of the Inter-American Council for Integral Development and Provisions regarding Other Partnership for Development Resources, comprising contributions made by the governments of the member states, the permanent observers to the Organization, and other member states of the United Nations, as well as national or international public and private entities and other donors, for the purpose of financing activities of the Committee. The interest accrued on the resources of these funds shall be governed by the pertinent provisions of the General Standards.

2. The General Secretariat shall establish the “Special Port Program” Specific Fund with contributions primarily coming from port authorities. Contributions to this Program are mandatory for member States. The Executive Board may limit the benefits from projects and activities financed from those resources to member States that fail to contribute to the above mentioned Program. The “Emergency Port Program” Specific Fund, which was established by the Inter-American Port and Harbor Conference, shall remain in operation.

Administrative Costs to Be Paid by Specific Funds

Article 85
Contributions to the Regular Fund for technical supervision and administrative support to be made by all specific funds of the Committee shall be made in accordance with the terms established in the General Standards.

FEMCIDI

Article 86
The member states of the Committee may contribute to FEMCIDI, and may submit proposals for partnership-for-development programs, projects, and activities within the framework of the Strategic Plan, to be financed with FEMCIDI resources, in compliance with the procedures provided for by the FEMCIDI Statutes and other pertinent regulations.