We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of The Budget Clause in Contracts

The Budget. 1. The Budget of the Mechanism shall be prepared by the Technical Unit and presented to the Ministerial Council for approval after examination and recommendation by the Forum. 2. The Budget shall be so prepared as to ensure financing of the Work Programme of the Technical Unit. 3. The Budget shall be approved by consensus, failing which it shall be approved by a qualified majority of three-quarters (¾) of the Members of the Mechanism. 4. The regular Budget shall comprise: (a) annual contributions from Member States and Associate Members; (b) contributions from co-operating partners or other contributors; (c) grant funds received from regional and international donor agencies; (d) funds paid by donor agencies to the Mechanism for project execution services provided by the Mechanism with respect to projects financed by the donor agencies; (e) earnings above cost for special services provided by the Mechanism to commercial operators in the fishing industry and to other bodies; (f) income derived from the sale or the licensing of intellectual property created and owned by the Mechanism; (g) any other source of funding.

Appears in 2 contracts

Samples: Agreement Establishing the Caribbean Regional Fisheries Mechanism, Agreement Establishing the Caribbean Regional Fisheries Mechanism

The Budget. 1. The Budget of the Mechanism shall be prepared by the Technical Unit and presented to the Ministerial Council for approval after examination and recommendation by the ForumFo- rum. 2. The Budget shall be so prepared as to ensure financing of the Work Programme of the Technical Unit. 3. The Budget shall be approved by consensus, failing which it shall be approved by a qualified majority of three-quarters (¾3./4) of the Members of the Mechanism. 4. The regular Budget shall comprise: (a) annual contributions from Member States and Associate Members; (b) contributions from co-operating partners or other contributors; (c) grant funds received from regional and international donor agencies; (d) funds paid by donor agencies to the Mechanism for project execution services provided pro- vided by the Mechanism with respect to projects financed by the donor agencies; (e) earnings above cost for special services provided by the Mechanism to commercial operators in the fishing industry and to other bodies; (f) income derived from the sale or the licensing of intellectual property created and owned by the Mechanism; (g) any other source of funding.

Appears in 1 contract

Samples: Agreement Establishing the Caribbean Regional Fisheries Mechanism