Article 3
1. The financial reference amount for the implementation of the project activities referred to in Article 1(2) shall be EUR 3 100 000,00. 2. The expenditure financed by the reference amount set out in paragraph 1 shall be managed in accordance with the procedures and rules applicable to the Union budget. 3. The Commission shall supervise the proper management of the financial reference amount referred to in paragraph 1. For that purpose, it shall conclude the necessary agreements with BAFA and Expertise France. The agreements shall stipulate that BAFA and Expertise France are to ensure the visibility of the Union’s contribution, appropriate to its size. 4. The Commission shall endeavour to conclude the agreements referred to in paragraph 3 as soon as possible after the entry into force of this Decision. It shall inform the Council of any difficulties in that process and of the date of conclusion of those agreements.