Common use of INCORPORATION OF FINANCIAL PROVISIONS IN LEGISLATIVE ACTS Clause in Contracts

INCORPORATION OF FINANCIAL PROVISIONS IN LEGISLATIVE ACTS. Each legislative act concerning a multiannual programme adopted under the ordinary legislative procedure will contain a provision in which the legislative authority lays down the financial envelope for the programme. That amount will constitute the prime reference for the budgetary authority during the annual budgetary procedure. The budgetary authority and the Commission, when it draws up the draft budget, undertake not to depart by more than 5% from that amount for the entire duration of the programme concerned, unless new, objective, long-term circumstances arise for which explicit and precise reasons are given, with account being taken of the results obtained from implementing the programme, in particular on the basis of assessments. Any increase resulting from such variation must remain within the existing ceiling for the heading concerned, without prejudice to the use of instruments mentioned in the MFF regulation and in this Agreement. This Point does not apply to appropriations for cohesion adopted under the ordinary legislative procedure and pre-allocated by Member States which contain a financial envelope for the entire duration of the programme.

INCORPORATION OF FINANCIAL PROVISIONS IN LEGISLATIVE ACTS. Each legislative act concerning a multiannual programme adopted under the ordinary legislative procedure will shall contain a provision in which the legislative authority lays down the financial envelope for the programme. That amount will shall constitute the prime reference for the budgetary authority during the annual budgetary procedure. The budgetary authority and the Commission, when it draws up the draft budget, undertake not to depart by more than 510 % from that amount for the entire duration of the programme concerned, unless new, objective, long-term circumstances arise for which explicit and precise reasons are given, with account being taken of the results obtained from implementing the programme, in particular on the basis of assessments. Any increase resulting from such variation must remain within the existing ceiling for the heading concerned, without prejudice to the use of instruments mentioned in the MFF regulation and in this Agreement. This Point does not apply to appropriations for cohesion adopted under the ordinary legislative procedure and pre-allocated by Member States which contain a financial envelope for the entire duration of the programmeprogramme and to the large scale projects referred to in Article 14 of the MFF Regulation.