anual renewal fees

[jlewis at lewis.org]

I'm a little confused about how the fee system works with ARIN.  My
understanding was that when an organization got its initial allocation,
they paid a registration fee.  Then in the following years, a renewal fee
would be paid in each year in which space had been allocated in the
previous year.  i.e.

year 1: initial allocation...registration fee paid
year 2: no allocation...newnewal fee paid based on allocation in year 1
year 3: additional space allocated...no fee paid since no allocation in year 2
year 4: no allocation...newnewal fee paid based on allocation in year 3

Have I misinterpreted the fee schedule or is this pretty much how it
works?

-- 
----------------------------------------------------------------------
 Jon Lewis *jlewis at lewis.org*|  I route
 System Administrator        |  therefore you are
 Atlantic Net                |
_________ http://www.lewis.org/~jlewis/pgp for PGP public key_________