After noting that about US $9 million was being held by the implementing agencies for projects that had been completed over a year previously and having considered the recommendation of the Sub-Committee on Monitoring, Evaluation and Finance (UNEP/OzL.Pro/ExCom/28/4, para. 9), the Executive Committee decided:
(a) That project balances should be returned to the Multilateral Fund at the latest 12 months after project completion;
(b) To request implementing agencies to report to the Executive Committee if they could not close the accounts on a project within 12 months after project completion;
(c) Also to request implementing agencies to report to the Executive Committee cases where they could not liquidate their remaining obligations within 12 months after project completion.