Economic Community of West African States
Regulation C/REG.3/12/97 Approving the Budget of the Executive Secretariat for the 1998 Financial Year
- Published in official journal 34 on 1 December 1997
- Commenced
- [This is the version of this document at 10 December 1997.]
Article 1
The budget of the Executive Secretariat for the 1998 Financial Year, balanced out in revenue and expenditure at six million, four hundred and twenty-nine thousand, four hundred and fifty Units of Account (6,429,450 UA).Article 2
An amount of Five million, eight hundred and forty thousand Units of Account (5,840,00 UA) shall be derived from the annual contributions of Member States. Another sum of Two hundred and eighty nine thousand, four hundred and fifty Units of Account (289,450 UA) shall be derived from the internal resources of the Executive Secretariat, while the balance of three hundred thousand Units of Account (300,000 UA) shall be obtained from past budgets.Article 3
An amount of Two million, two hundred and forty-seven thousand, seven hundred and fifty Units of Account (2,247,750 UA) obtained from the arrears of contribution shall be disbursed as follows:transfer of the Secretariat to Abuja (346,600 UA);arrears of subvention to the ECOWAS national units (300,000 UA);first instalment of the sum invested by the ECOWAS Fund in the construction of the Executive Secretariat Headquarters (1,601,150 UA).Article 4
This Regulation shall be published in the Official Journal of the Community by the Executive Secretariat within thirty (30) days of its signature by the Chairman of the Council of Ministers.It shall also be published within the same time-frame by each Member State in its National Gazette.History of this document
10 December 1997 this version
Consolidation