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The Association shall use the Clarence E. Ayres Fund to bring a Clarence E. Ayres Visiting International Scholar from outside the United States to present a paper at the Clarence E. Ayres session held as part of the annual program  The Clarence E. Ayres Scholar is selected by the President of the Association.

Each year the Association shall attempt to bring to the United States a Latin American scholar to present a paper at the annual program of the Association.  The scholar shall be designated as the "James H. Street Latin American Scholar," and the James H. Street Fund shall be used to defray his/her expenses.  The President of the Association shall appoint a five (5) member James H. Street Latin American Committee to select a Latin American Scholar.