OpenLegislation

Article 3

United Kingdom

Original text. Later amendments are not shown.

1.

The financial reference amount for the implementation of the project financed by the Union referred to in Article 1 shall be EUR 1 642 109.

2.

The amount intended to cover Phase I of the project shall be EUR 821 872. The remaining amount of EUR 820 237 shall be used if the Council decides to implement Phase II of the project.

3.

The expenditure financed by the reference amount set out in paragraph 1 shall be managed in accordance with the procedures and rules applicable to the general budget of the Union.

4.

The Commission shall supervise the proper management of the expenditure referred to in paragraph 1. For that purpose, it shall conclude the necessary financing agreement with the GICHD. The financing agreement shall stipulate that the GICHD has to ensure the visibility of the Union's contribution, appropriate to its size.

5.

The Commission shall endeavour to conclude the financing agreement referred to in paragraph 4 as soon as possible after the entry into force of this Decision. It shall inform the Council of any difficulties in that process and of the date of conclusion of the financing agreement.