Minister of Planning and Finance and of the Minister of Transport, Communications and Public Works. 2. The term of office of the members of the Monitoring Committee shall be 3 years, renewable for equal periods. Section 33 Competencies It is incumbent upon the Monitoring Committee, namely: (a) To monitor and control ARCOM’s financial and property management; (b) To examine ARCOM’s financial and economic situation, on a regular basis, and verify its compliance with the regulatory norms of its activity; (c) To express its opinion on the acquisition, encumbrance, lease or disposal of immovable property; (d) To express its opinion on ARCOM’s budget and accounts report; (e) To express its opinion on any matter submitted to it by any of the ARCOM organs; (f) To report to the competent authorities any regularities it might detect; Section 34 Functioning 1. The Monitoring Committee shall meet ordinarily once a month and extraordinarily whenever convened by its President, on his or her own initiative or at the request of any other of its members, or at the request of the President of the Board of Directors. 2. The members of the Monitoring Committee shall not be entitled to a monthly allowance, and shall serve their term of office within the framework of their ordinary functions as civil servants. PART III Provisions common to the organs Section 35 Procedure 1. The regime contemplated in the law that regulates Administrative Proceeding, with the exceptions provided in the subsections below, shall apply to the decisions made by ARCOM collegial organs: 2. Abstention from voting is not allowed. 3. Meeting minutes shall be signed by all members present at the meeting.