SENT BY UKREP EC BRUSSELS
; 3-6-92;
13:10:
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02-JUN-1992 15:56
REPER PORT CEE BXL
PAG.18
Description of operation
4.1
Aim:
4.2
To establish cooperation in the interests of both parties
Duration:
The period for which the Agreement lg valid (five years, ronewable annually).
Parties involved:
4.3
The economio agents and authorities of both parties.
S.
6
Classification of expenditure or revenue
Non-compulsory
Type of expenditure
6.1
6.2
Type:
Grants to various projects in the different fields of cooperation covered by the Agreement.
Community financial contribution as a proportion (X) of the total cost of the operation:
To be decided on an individual basis, 100% in certain instances.
Financial impact on appropriations for operations.
7.
7
.1
7.2
Method of financing the action during the current year:
From current appropriations.
Schedule of commitment and payment appropriations:
On request, following approval of the project by the Commission departments and up to an amount not exceeding the appropriations to be entered under the relevant budget headings.
What anti-fraud measures are planned in the proposal for the operation?
The authorities of Macao and the Commission will apply the usual forms of verification.
Observat long
For future budgets expenditure arising in connection with the cooperation agreement will be determined in accordance with the usual procedure.
17