ARTICLE VIII - Dues

Section 1. Annual Dues

The annual dues for each class of membership in this Association shall be set by the Executive Board and approved by the membership at the Annual Meeting. Such annual dues shall become due and payable on the first day of the calendar year.

Section 2. Delinquent Dues

Any member who has not paid his dues within ninety (90) days of January 1 shall automatically lose membership privileges. If the delinquent member makes payment of the current year's dues during the remainder of the fiscal year, then membership privileges shall be automatically restored. If a member remains delinquent beyond the fiscal year in which dues were unpaid, then membership may be regained only through the initial application process.

Section 3. New Applicants

New applicants upon whom the Executive Board takes favorable actions during the four months preceding the end of the membership year shall pay the full current dues. Such dues shall constitute full payment of the next year's membership dues.