OpenLegislation

Article 9 Resources

United Kingdom

Original text. Later amendments are not shown.

1.

The financial envelope for the implementation of the activities referred to in Article 7(1), (2) and (3) and for covering the risks associated with those activities is set at EUR 7 071,73 million in current prices for the period from 1 January 2014 to 31 December 2020.

The annual appropriations shall be authorised by the European Parliament and the Council within the limits of the multiannual financial framework.

The amount referred to in the first subparagraph shall be broken down in the following categories of expenditure in current prices:

(a)

for the activities referred to in point (a) of Article 7(1), EUR 1 930 million;

(b)

for the activities referred to in point (b) of Article 7(1), EUR 3 000 million;

(c)

for the activities referred to in point (c) of Article 7(1), EUR 1 580 million;

(d)

for the activities referred to in point (d) of Article 7(1) and in Article 7(3), EUR 561,73 million.

2.

Without prejudice to any amounts allocated to the development of applications based on the systems within Horizon 2020, the budgetary appropriations assigned to the Galileo and EGNOS programmes, including assigned revenues, shall finance the activities as referred to in Article 7(2) up to a maximum of EUR 100 million at constant prices.

3.

The Commission may re-allocate funds from one category of expenditure, as laid down in points (a) to (d) of the third subparagraph of paragraph 1, to another, up to a ceiling of 10 % of the amount referred to in the first subparagraph of paragraph 1. Where the re-allocation reaches a cumulative amount greater than 10 % of the amount referred to in the first subparagraph of paragraph 1, the Commission shall consult the Committee in accordance with the advisory procedure referred to in Article 36(2).

The Commission shall inform the European Parliament and the Council of any re-allocation of funds between categories of expenditure.

4.

The appropriations shall be implemented in accordance with the applicable provisions of this Regulation and Regulation (EU, Euratom) No 966/2012.

5.

Budgetary commitments for the Galileo and EGNOS programmes shall be appropriated in annual instalments.

6.

The Commission shall manage the financial resources referred to in paragraph 1 in a transparent and cost-effective manner. The Commission shall report annually to the European Parliament and the Council on the cost-management strategy pursued.