Flexibility Instrument. 12. The Commission shall make a proposal for the Flexibility Instrument to be used after it has examined all possibilities for re-allocating appropriations under the heading requiring additional expenditure. The proposal shall identify the needs to be covered and the amount. It may be presented, for any given financial year, during the budgetary procedure. The decision to deploy the Flexibility Instrument shall be taken jointly by the two arms of the budgetary authority. The Council shall act by a qualified majority and the European Parliament shall act by a majority of its component members and three fifths of the votes cast. Agreement shall be reached in the framework of the annual budgetary procedure.
Flexibility Instrument. 1213. The Commission shall submitmake a proposal for the mobilisation of the Flexibility Instrument after it has examined all possibilities for re-allocating appropriations underhaving ascertained that the heading requiring additional expenditure. cannot be financed otherwise. Xxxxx proposal shall identify the needs to be covered and the amount. Such a proposal may be made in relation to a draft budget or a draft amending budget. The mobilisation of the Flexibility Instrument, or part thereof, shall be proposed by the Commission after a thorough analysis of all other financial possibilities. In particular, the Commission shall accompany the proposal by: - a proposal for the reallocation of appropriations, within the existing budget, of a significant amount, as far as supported by the Commission's analysis. - a detailed estimate of the possibilities for off-setting needs against future margins for commitments and/or payments as appropriate, with due regard to the principle of sound financial management and the provision laid down in point 7, so as to demonstrate that the needs cannot be financed, in part or in full, by recourse to the Single Margin Instrument. The Flexibility Instrument may be mobilised by the European Parliament and the Council in the framework of the budgetary procedure steset out in Article 314 TFEU.
Flexibility Instrument. 12. The Flexibility Instrument with an annual ceiling of EUR 500 million (2011 prices) is intended to allow the financing, for a given financial year and up to the amount indicated, of clearly identified expenditure which could not be financed within the limits of the ceilings available for one or more other headings. The annual amount of the Flexibility Instrument may be used up to year n+3. The portion of the annual amount stemming from previous years shall be used first, in order of age. The portion of the annual amount from year n which is not used in year n+3 shall lapse. The Commission shall make a proposal for the Flexibility Instrument to be used after it has examined all possibilities for re-allocating appropriations under the heading requiring additional expenditure. The proposal shall identify the needs to be covered and the amount. It may be presented, for any given financial year, during the budgetary procedure. The decision to deploy the Flexibility Instrument shall be taken jointly by the two arms of the budgetary authority. The Council shall act by a qualified majority and the European Parliament shall act by a majority of its component members and three fifths of the votes cast. Agreement shall be reached in the framework of the annual budgetary procedure.
