Article 9. Property of sponsorship organizations

The property of a sponsorship organization may include buildings, land, transport, facilities, equipment, cash, securities and other property, as well as information resources and other results of intellectual activity.

A sponsorship organization has the right to make any transactions with its property that do not contradict the law, the charter of the organization and sponsorship purposes.

A sponsorship organization has the right to use for the maintenance (including all expenses associated with the activities) of the organization no more than 20 percent of the financial resources spent by this organization for a financial year. This restriction does not apply to the remuneration of persons involved in the implementation of sponsorship programs.

A sponsorship organization may pay for the expenses of volunteers associated with their activities in this organization (travel, transportation and other expenses).

The funds of the State budget of the Republic of Uzbekistan and state trust funds received to the account of a sponsorship organization are used only for sponsorship purposes indicated when they are allocated.

Sponsorship charities donated to sponsorship organizations are used only for sponsorship purposes and cannot be used for their maintenance.

The property of a sponsorship organization cannot be sold or transferred to the founders or members of this organization on more favorable conditions than for other persons.

A sponsorship organization is liable for its obligations with property, which may be levied in the manner prescribed by law .