Council Resolution: 07-04
Distribution: Limited C1, C2
C/C.01/07/RES/04/Final
ORIGINAL: ENGLISH
7 March 2007
Funding of the Commission for Environmental Cooperation for the Financial Year 2007
THE COUNCIL:
RECOGNIZING the importance of the North American Agreement on Environmental Cooperation (NAAEC) in conserving, protecting, and enhancing the environment; and
ACKNOWLEDGING the importance of sustaining key cooperative activities through an adequate level of funding;
HEREBY:
DECIDES that the annual budget of the Commission for Environmental Cooperation (CEC) for the financial year 2007 is established in Canadian dollars at an amount equal to US$9 million at the Bank of Canada exchange rate in effect on 15 December 2006; and
NOTES that, pursuant to Article 43 of the NAAEC, each Party shall contribute an equal share of the annual budget of the CEC, subject to the availability of appropriated funds in accordance with the Party’s legal procedures.
FURTHER NOTES that, pursuant to Rule 4.7 of the CEC Financial Rules, each Party may make its contribution in its national currency, and that the annual amount of a Party’s contribution for the year 2007 shall be fixed at the Bank of Canada exchange rate in effect on 15 December 2006.
APPROVED BY THE COUNCIL:
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David McGovern
Government of Canada
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Enrique Lendo Fuentes
Government of the United Mexican States
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Judith E. Ayres
Government of the United States of America
Funding of the Commission for Environmental Cooperation for the Financial Year 2007