Principles and Responsibilities Clause Samples
Principles and Responsibilities. The National Fund in the Ministry of Finance, headed by the NAO, will supervise the financial management of the programme, and will be responsible for reporting to the European Commission. The NAO shall have the overall responsibility for financial management of the Phare funds, and the full accountability for the Phare funds of a programme until the closure of that programme. The NAO shall ensure that the Phare rules, regulations and procedures pertaining to reporting and financial management are respected, and that a reporting and project information system is functioning. The Commission will make payments to the NF in accordance with the Memorandum of Understanding signed between the Commission and the Republic of Bulgaria in December 1998. Payments will be made following requests from the NAO onto a separate bank account, denominated in €, which will be opened and managed by the National Fund in the Central Bank or in a Government guaranteed bank account. In principle, all bank accounts will be interest bearing. Interest will be reinvested in the programme.
Principles and Responsibilities. The National Fund in the Ministry of Finance, headed by the NAO, will supervise the financial management of the programme, and will be responsible for reporting to the European Commission. The NAO shall have the overall responsibility for financial management of the Phare funds, and the full accountability for the Phare funds of a programme until the closure of that programme. The NAO shall ensure that the Phare rules, regulations and procedures pertaining to reporting and financial management are respected, and that a reporting and project information system is functioning. The Commission will make payments to the NF in accordance with the Memorandum of Understanding signed between the Commission and the Republic of Bulgaria in December 1998. Payments will be made following requests from the NAO onto a separate bank account, denominated in €, which will be opened and managed by the National Fund in the Central Bank or in a Government guaranteed bank. In principle, all bank accounts will be interest bearing. According to Articles 3 & 4 of the implementing rules of the Financial Regulation accrued interest is the property of the Beneficiary Country. The NAO must however ensure that the accrued interest is actually registered in its entirety as revenue in the national budget. Furthermore the NAO will ensure a regular reporting of the interest via Perseus.
Principles and Responsibilities. The National Fund in the Ministry of Finance, headed by the NAO, will supervise the financial management of the programme, and will be responsible for reporting to the European Commission. The NAO shall have the overall responsibility for financial management of the Phare funds, and the full accountability for the Phare funds of a programme until the closure of that programme. The NAO shall ensure that the Phare rules, regulations and procedures pertaining to reporting and financial management are respected, and that a reporting and project information system is functioning. 8 DIR 85/337/EEC; OJ L 175/40; 5.7.1985, as amended 9 in Annex EIA to the corresponding investment project fiche.
Principles and Responsibilities. The National Fund in the Ministry of Finance, headed by the NAO, will supervise the financial management of the programme, and will be responsible for reporting to the European Commission. The NAO shall have the overall responsibility for financial management of the Phare funds, and the full accountability for the Phare funds of a programme until the closure of that programme. The NAO shall ensure that the Phare rules, regulations and procedures pertaining to reporting and financial management are respected, and that a reporting and project information system is functioning. The Commission will make payments to the NF in accordance with the Memorandum of Understanding signed between the Commission and the Republic of Bulgaria in December 1998. Payments will be made following requests from the NAO onto a separate bank account, denominated in €, which will be opened and managed by the National Fund in the Central 9 DIR 85/337/EEC; OJ L 175/40; 5.7.1985, as amended 10 in Annex EIA to the corresponding investment project fiche.
Principles and Responsibilities. The National Fund in the Ministry of Finance, headed by the NAO, will supervise the financial management of the programme, and will be responsible for reporting to the European Commission. The NAO shall have the overall responsibility for financial management of the Phare funds, and the full accountability for the Phare funds of a programme until the closure of that programme. 24 DIR 85/337/EEC; OJ L 175/40; 5.7.1985, as amended 25 in Annex EIA to the corresponding investment project fiche.
Principles and Responsibilities. 1. The principals agree to a unified approach to vegetation mapping. The USGS GAP Analysis Program and LANDFIRE Programs will work together with a common annual work plan to create unified products. With regard to the "unified approach" to creating a database and map of the current vegetation of the U.S., we agree that major decisions must be made with the mutual consent of the signatories of this agreement. Major decisions will include, at a minimum, annual program plans, annual budget resources, and specifications for final products.
2. The principals agree that staff and budget resources available for vegetation mapping will be contributed to the combined effort on an annual basis.
3. The emphasis of this coordinated effort is to improve the quality of products, make products as ecologically meaningful as possible, increase the coordination of scientific and technical expertise across USGS and program components, and work in a cost-effective and efficient manner.
Principles and Responsibilities