Decision 93/3

The Executive Committee decided: 

1. To note:
   1. The report on balances and availability of resources contained in document UNEP/OzL.Pro/ExCom/93/4;
   2. That the net level of funds being returned by the implementing agencies at the 93rd meeting was US $4,235,786, consisting of US $562,920, plus agency support costs of US $39,505, from UNDP; US $2,245,847, plus agency support costs of US $175,064, from UNEP; US $551,323, plus agency support costs of US $38,603, from UNIDO; and US $320,000, plus agency support costs of US $302,524, from the World Bank; 
   3. That UNDP held balances of US $109,930, including agency support costs, for seven projects completed over two years previously, and US $7,953, including agency support costs, for two completed projects funded using the additional voluntary contributions made by a group of donor countries to finance fast-start activities for the implementation of HFC phase-down;
   4. That UNIDO held balances of US $1,828,437, including agency support costs, for two projects completed over two years previously, and US $122,134, including agency support costs, for five completed projects funded using the additional voluntary contributions made by a group of donor countries to finance fast-start activities for the implementation of HFC phase-down;
   5. That the level of funding being returned at the 93rd meeting by the Government of France was US $50,850, consisting of US $45,000, plus agency support costs of US $5,850; 
2. To request: 
   1. UNDP and UNIDO: 
      1. To proceed with disbursement or cancel committed and not committed funds that were not needed for completed projects, and to return the associated balances at the 94th meeting; 
      2. To proceed with disbursement or to cancel commitments for the projects completed over two years previously, and to return the balances at the 94th meeting; 
      3. To proceed with disbursement or return, at the 94th meeting, the balances from completed projects funded using the additional voluntary contributions; and
   2. The Treasurer to follow up with the Government of France on the return, in cash, of the amount of US $50,850 referred to in subparagraph (a) (v) above.