Common use of Purpose of Reserve Clause in Contracts

Purpose of Reserve. 1.1 The purpose of the appropriation reserve is to hold accumulated surpluses of the Joint Committee which can be made available, subject to the approval of the Joint Committee to:- (a) Meet any deficits arising on the Revenue Budget (b) Set aside sums for future capital investment purposes (c) Finance any other specified use approved by the Joint Committee.

Appears in 5 contracts

Sources: Joint Service Agreement, Joint Service Agreement, Joint Service Agreement

Purpose of Reserve. 1.1 The purpose of the appropriation reserve is to hold accumulated surpluses of the Joint Committee which can be made available, subject to the approval of the Joint Committee Committee, to:- (a) Meet any deficits arising on the Revenue Core Budget (b) Set aside sums for future capital investment purposesthrough the Actions Budget (c) Finance any other specified use approved by the Joint Committee.

Appears in 3 contracts

Sources: Joint Committee Agreement, Joint Committee Agreement, Joint Committee Agreement

Purpose of Reserve. 1.1 The purpose of the appropriation reserve is to hold accumulated surpluses of the Joint Committee which can be made available, subject to the approval of the Joint Committee to:-Committee, to: (a) Meet any deficits arising on the Revenue Programme Office Budget (b) Set aside sums for future capital investment purposesthrough the Programme Budget (c) Finance any other specified use approved by the Joint Committee.

Appears in 1 contract

Sources: Cdegp Constitution