Common use of The Bali Partnership Fund Clause in Contracts

The Bali Partnership Fund. 1. A Fund for sustainable management of tropical timber producing forests is hereby established to assist producer members to make the investments necessary to achieve the objective of article 1 (d) of this Agreement. 2. The Fund shall be constituted by: (a) Contributions from donor members; (b) Fifty per cent of income earned as a result of activities related to the Special Account; (c) Resources from other private and public sources which the Organization may accept consistent with its financial rules; and (d) Other sources approved by the Council. 3. Resources of the Fund shall be allocated by the Council only for pre- projects and projects for the purpose set out in paragraph 1 of this article and that have been approved in accordance with articles 24 and 25. 4. In allocating resources of the Fund, the Council shall establish criteria and priorities for use of the Fund, taking into account: (a) The needs of members for assistance in achieving exports of tropical timber and timber products from sustainably managed sources; (b) The needs of members to establish and manage significant conservation programmes in timber producing forests; and (c) The needs of members to implement sustainable forest management programmes. 5. The Executive Director shall provide assistance in the development of project proposals in accordance with article 25 and endeavour to seek, on such terms and conditions as the Council may decide, adequate and assured finance for projects approved by the Council. 6. Members shall strive to replenish the Bali Partnership Fund to an adequate level to further the objectives of the Fund. 7. The Council shall examine at regular intervals the adequacy of the resources available to the Fund and endeavour to obtain additional resources needed by producer members to achieve the purpose of the Fund.

The Bali Partnership Fund. 1. A Fund for sustainable management of tropical timber timber-producing forests is hereby established to assist producer producing members to make the investments necessary to achieve the objective of article 1 (d) of this Agreement. 2. The Fund shall be constituted by: (a) Contributions from donor members; (b) Fifty per cent of income earned as a result of activities related to the Special Account; (c) Resources from other private and public sources which the Organization may accept consistent with its financial rules; and. (d) Other sources approved by the Council. 3. Resources of the Fund shall be allocated by the Council only for pre- pre-projects and projects for the purpose set out in paragraph 1 of this article and that have been approved in accordance with articles 24 and 25. 4. In allocating resources of the Fund, the Council shall establish criteria and priorities for use of the Fund, taking into account: (a) The needs of members for assistance in achieving exports of tropical timber and timber products from sustainably managed sources; (b) The needs of members to establish and manage significant conservation programmes in timber producing forests; and (c) The needs of members to implement sustainable forest management programmes. 5. The Executive Director shall provide assistance in the development of project proposals in accordance with article 25 and endeavour to seek, on such terms and conditions as the Council may decide, adequate and assured finance for projects approved by the Council. 6. Members shall strive to replenish the Bali Partnership Fund to an adequate level to further the objectives of the Fund. 7. The Council shall examine at regular intervals the adequacy of the resources available to the Fund and endeavour to obtain additional resources needed by producer members to achieve the purpose of the Fund.

The Bali Partnership Fund. 1. A Fund for sustainable management of tropical timber producing forests is hereby established to assist producer members to make the investments necessary to achieve the objective of article 1 (d1d) of this Agreement. 2. The Fund shall be constituted by: (a) Contributions from donor members; (b) Fifty per cent of income earned as a result of activities related to the Special Account; (c) Resources from other private and public sources which the Organization may accept consistent with its financial rules; and (d) Other sources approved by the Council. 3. Resources of the Fund shall be allocated by the Council only for pre- pre-projects and projects for the purpose set out in paragraph 1 of this article and that have been approved in accordance with articles 24 and 25. 4. In allocating resources of the Fund, the Council shall establish criteria and priorities for use of the Fund, taking into account:the (a) The needs of members for assistance in achieving exports of tropical timber and timber products from sustainably managed sources; (b) The needs of members to establish and manage significant conservation programmes in timber producing forests; and (c) The needs of members to implement sustainable forest management programmes. 5. The Executive Director shall provide assistance in the development of project proposals in accordance with article 25 and endeavour to seek, on such terms and conditions as the Council may decide, adequate and assured finance for projects approved by the Council. 6. Members shall strive to replenish the Bali Partnership Fund to an adequate level to further the objectives of the Fund. 7. The Council shall examine at regular intervals the adequacy of the resources available to the Fund and endeavour to obtain additional resources needed by producer members to achieve the purpose of the Fund.