-566-


Authority in this InhEtr:- shall be one-third (1/3) of one (1) per cent
of the dollar snies volu:'e. The estimated total rye,.rl- dollar sales
volume in this In'i.ustr.. is $50,000,000.00. o-e-thir& (1/3) of one (1)
per cent of this r.:o'.nt is $166,666.00. It -.ill be :n'oted that this
budget calls for -. tot l e:-openditure of $140,00.00 -for the first fiscal
year. Attention is c.lloc'. to the fact that the bu6..;2et is estimated on a
basis of ninety (,.0) _-cr cent conmlinnce, vihere.as thle nssessnents are
figured on a basis o0' one hundred (100) per cent co -Dliance. Further
leeway is left to -aair'LC. -.gainst possible inaccura.cies in the estimated
sales volume, etc. So'.lc'. the actual income of the Code Authority on
the above basis e::ceec. ;ho authorized expenc.itr.res, cr.n'" and all such
excess funds wAill be ret'A.n6.ed proportionately to the :.e&_Ibers of the
Industry at the en', of each month.


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