Denver, 24 June 2009
Funding of the Commission for Environmental Cooperation for the financial
RECOGNIZING the importance of the North American Agreement on Environmental Cooperation (NAAEC) in conserving, protecting, and enhancing the environment;
ACKNOWLEDGING the importance of sustaining key cooperative activities through an adequate level of funding;
NOTING that, pursuant to Article 43 of the NAAEC, each Party is to contribute an equal share of the annual budget of the Commission for Environmental Cooperation (CEC), subject to the availability of appropriated funds in accordance with the Party’s legal procedures; and
FURTHER NOTING that, pursuant to Rule 4.7 of the Financial Rules, each Party may make its contribution in its national currency;
DECIDES that the annual budget of the CEC for the financial year 2010 shall be established in Canadian dollars at an amount equal to US$9 million at the Bank of Canada exchange rate in effect on 15 December 2009;
CONFIRMS that each Party shall contribute an equal share of that budget, subject to the availability of funds; and
FURTHER CONFIRMS that each Party’s contribution for the year 2010 shall be fixed at the Bank of Canada’s exchange rate in effect on 15 December 2009.
APPROVED BY THE COUNCIL:
Government of Canada
Juan Elvira Quesada
Government of the United Mexican States
Lisa P. Jackson
Government of the United States of America
Funding of the Commission for Environmental Cooperation for the financial year 2010.