Document cabinet

Council Resolution 99-05

Distribution: General

C/99-00/RES/05/Rev6

ORIGINAL:  English

Banff, 28 June 1999

2000 Funding of the Commission for Environmental Cooperation

THE COUNCIL:

RECOGNIZING the importance of the North American Agreement on Environmental Cooperation in conserving, protecting and enhancing the environment;

ACKNOWLEDGING the importance of sustaining key cooperative activities through an adequate level of funding;

HEREBY AGREES that the budget of the Commission for Environmental Cooperation (CEC) for the financial year 2000 shall be established in Canadian dollars at a level equal to US$9 million at the Bank of Canada exchange rate in effect on an established date, which shall be no later than 31 December 1999.

FURTHER AGREES that the budget shall be equally divided among the three Parties and that each Party shall contribute an equal share of the annual budget of the Commission, subject to the availability of appropriated funds in accordance with the Party’s legal procedure.  Each Party shall make its contribution in its national currency. The annual amount of a Party’s contribution in its national currency for the year 2000 shall be fixed at the Bank of Canada exchange rate in effect on an established date, which shall be no later than 31 December 1999.

 

APPROVED BY THE COUNCIL:

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Carol M. Browner

Government of the United States of America

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Julia Carabias Lillo

Government of the United Mexican States

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Christine Stewart

Government of Canada

2000 Funding of the Commission for Environmental Cooperation