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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 1 CELEX: 01976R1416-19930726 1. Each year a statement of revenue and expenditure shall forecast and authorize the estimated revenue and expenditure of the Centre. 2. Expenditure may not be authorized for a period extending beyond the financial year. 3. Administrative expenditure arising from:
— contracts which have been concluded, in accordance with local usage, or
— contractual provisions relating, in particular, to the supply of equipment,
3. for the periods extending beyond the financial year shall be charged to the statement of revenue and expenditure for the financial year in which it is effected. |