S.L. 442.3 Art. 15Use of funds.

Funds may only be utilised and shall be distributed by the

Committee for the following purposes:

(a) by a co-operative society to finance research and development, training and educational programmes of the co-operative society, but excluding general administration costs, salaries, wages, honoraria, international membership fees and related personnel expenditure;

(b) by a recognised organisation to finance research and development, training and educational programmes relating to the promotion and development of the co-operative movement but excluding international membership fees and general administration costs including salaries, wages, honoraria and related personnel expenditure;

(c) by the Committee to finance research and development, training and educational programmes relating to the promotion and development of the co-operative movement, support services and general administration costs including honoraria of its members salaries and wages and to fulfil its functions;

(d) by individuals or statutory bodies who actively contribute to the promotion of the co-operative movement to finance initiatives, training and educational programmes relating to the promotion and development of the co-operative movement.