2001/768/EC: Council Decision of 29 October 2001 concerning the exceptional use of interest from the European Development Fund for the financing of costs linked to the implementation of the devolution exercise in ACP States for a transitional period
Data as of 2026-07-04 Β· Compiled from an official source version. Later amendments or repeals may not be reflected; the official text prevails. Β· Read the official text β
An amount of EUR 23000000 shall be reserved from interest accumulated on deposited European Development Fund (EDF) funds and held in the general treasury of the EDF, for the financing of costs linked to the implementation of the devolution exercise in ACP States, as specified in Article 2.
The resources referred to in Article 1 shall be used to finance the following types of expenditure: (a) support expenses in relation to identification, preparation, management, follow-up, accounting, audit and control of the Commission's aid operations in ACP States, in particular costs linked to the recruitment and stationing in Delegations of experts and local agents that will assist in handling these "devolved" tasks and to the provision of technical support to the "devolution" of the Commission's computerised on-line accounting system (OLAS); (b) administrative costs, provided these are directly linked to the efficient functioning of the experts and local agents recruited, including the purchase of equipment, the temporary renting of extra office space, related IT costs and others.
This Decision shall enter into force on the day of its adoption. Done at Luxembourg, 29 October 2001. For the Council The President L. Michel (1) OJ L 156, 29.5.1998, p. 3. (2) OJ L 86, 31.3.1986, p. 210. (3) OJ L 229, 17.8.1991, p. 288. (4) OJ L 156, 29.5.1998, p. 108.
Source: EUR-Lex (Publications Office of the EU), Β© European Union, reuse permitted under Commission Decision 2011/833/EU.