Common use of NON SUBSTANTIAL REALLOCATION OF FUNDS Clause in Contracts

NON SUBSTANTIAL REALLOCATION OF FUNDS. The authorising officer by delegation (AOD), or the authorising offi- cer by sub-delegation (AOSD), in line with the delegation of powers conferred upon him by the AOD, in accordance with the principles of sound financial management, may undertake non substantial re- allocations of funds without an amending financing decision being necessary. In this context, cumulative reallocations not exceeding 20% of the total amount allocated for the programme, subject to a limit of EUR 4 million, shall not be considered substantial, provided that they do not affect the nature and objectives of the programme. The IPA Committee shall be informed of the above reallocation of funds.

NON SUBSTANTIAL REALLOCATION OF FUNDS. The authorising officer by delegation (AOD), or the authorising offi- cer by sub-delegation (AOSD), in line with the delegation of powers conferred upon him him/her by the AOD, in accordance with the principles princi- ples of sound financial management, may undertake non substantial re- allocations reallocations of funds without an amending financing decision being necessary. In this context, cumulative reallocations not exceeding 20% of the total amount allocated for the programme, subject to a limit of EUR 4 million, shall not be considered substantial, provided that they do not affect the nature and objectives of the programme. The IPA Committee shall be informed of the above reallocation of funds.