[registrars] Registrars approve ICANN budget (2005-2006)

["Bruce Tonkin" <Bruce.Tonkin@xxxxxxxxxxxxxxxxxx>]

Hello All,

In the public forum of the recent ICANN meeting in Vancouver, Paul
Twomey reported that registrars had not yet approved being invoiced for
the variable registrar accreditation fees which make up the majority of
the ICANN budget.

The relevant section of the registrars accreditation agreement is shown
below:
(http://www.icann.org/registrars/ra-agreement-17may01.htm#3 )

"3.9.2 Variable Accreditation Fee. Registrar shall pay the variable
accreditation fees established by the ICANN Board of Directors, in
conformity with ICANN's bylaws and articles of incorporation, provided
that in each case such fees are reasonably allocated among all
registrars that contract with ICANN and that any such fees must be
expressly approved by registrars accounting, in the aggregate, for
payment of two-thirds of all registrar-level fees. Registrar shall pay
such fees in a timely manner for so long as all material terms of this
Agreement remain in full force and effect, and notwithstanding the
pendency of any dispute between Registrar and ICANN."

Kurt Pritz has notified that as of Friday 16 Dec 05, 142 registrars,
representing over 70% of registrar-level fees paid, have expressed their
approval (exceeding the two-thirds approval required).

Regards,
Bruce Tonkin