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Council Regulation (EEC) No 1416/76 of 1 June 1976 on the financial provisions applying to the European Centre for the Development of Vocational Training article 3 CELEX: 01976R1416-19930726 1. Subject to Article 22, all revenue and expenditure shall be entered in full in the statement of revenue and expenditure and in the accounts without any adjustment against each other. 2. Total revenue shall cover total expenditure.
However, certain revenues shall not be used for any other purpose, notably:
— revenue earmarked for a specific purpose, such as income from foundations, subsidies, gifts and bequests,
— revenue from third parties in respect of work carried out at their request. 3. ◄ After informing the Commission the Management Board may accept any donation made to the Centre, and in particular foundations, subsidies, gifts and bequests.
The Management Board shall accept donations which may involve any kind of financial charge only subject to authorization from the Commission which shall vote on the matter within two months from the date of receipt of the request from the Management Board. If no objection has been made within this period, the Management Board shall take a final decision on acceptance. |