www.GADA.com | 33 GADA DEALER ADVOCACY FUND PURPOSE OF THE FUND The GADA Dealer Advocacy Fund (hereinafter GaDAF) is hereby established to serve as a source for the collection and disbursement of funds to be used as described below. The Fund is designed for the purpose of promoting and protecting the interests of franchise automotive dealers in Georgia, and for the entire Georgia franchise dealer body, not for the personal benefit of any individual dealer. SOURCE OF FUNDS A. GaDAF will assume the balance of and replace the GADA Legal Defense Fund. Additional voluntary contributions may be solicited from dealers, associate members and other interested parties. All assessments and contributions to the fund may be deductible as ordinary and necessary business expenses. B. All funds on GaDAF shall be maintained in a bank account, which shall be separate and segregated from the bank accounts of GADA. C. A report of the Fund’s receipts and disbursements shall be provided in the financial statements of GADA. Any monies remaining in the Fund at the end of its fiscal year shall be carried forward to the next fiscal year. The fiscal year of the Fund shall be July 1 to June 30. USE OF THE FUNDS The GaDAF shall be used to advocate for the preservation of the franchise dealer model as well as other significant issues affecting automotive dealers. Funds may be used for expenses associated with advocacy on behalf of GADA members, including but not limited to hiring of consultants, lobbyists, attorneys, public relations, marketing, event sponsorships. In no event, shall funds be used to cover routine operating expenses of GADA or political contributions. AMENDMENTS AND MODIFICATIONS TO THE POLICIES AND PROCEDURES OF THE FUND The GADA Executive Committee may make such amendments or modifications to the policies and procedures of the Fund as may be necessary to accomplish its objectives.
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