The Executive Committee, having considered the recommendation of the Sub-Committee on Monitoring, Evaluation and Finance (UNEP/OzL.Pro/ExCom/29/4, para. 23) decided:
(a) That no reapplication for assistance from the Multilateral Fund should be allowed for projects that had been cancelled for the following reasons:
• Transfer of ownership to a non-Article 5 country;
• Bankruptcy.
(b) That reapplication for assistance from the Multilateral Fund at a level of funding no greater than that previously approved, following a new decision to be taken on a case-by-case basis, should be allowed for projects that had been cancelled for other reasons such as:
• Request of the company/financial situation;
• Persistent project delays (after making sure that the causes of earlier delays had been removed);
• Lack of response from the beneficiary.
In cases where reapplication was allowed pursuant to subparagraph (b) above, it could not take place within 24 months from cancellation.
Furthermore, second requests for project preparation, pursuant to subparagraph (b) above, could be considered as eligible incremental costs on a case-by-case basis, but should not exceed 30 per cent of initial project preparation funds.