exceed the amount specified for any given budget item,
provided that the total amount of the budget is not exceeded.
(5) Pending the adoption of the budget by the
Administrative Council, the Secretary-General may incur expenditures for the purposes and
within the limits specified in the budget he submitted to the Council, up to one quarter
of the amount authorized to be expended in the previous fiscal year but in no event
exceeding the amount that the Bank has agreed to make available for the current fiscal
year.
Regulation 18
Assessment of Contributions
(1) Any excess of expected expenditures over expected
revenues shall be assessed on the Contracting States. Each State that is not a member of
the Bank shall be assessed a fraction of the total assessment equal to the fraction of the
budget of the International Court of Justice that it would have to bear if that budget
were divided only among the Contracting States in proportion to the then current scale of
contributions applicable to the budget of the Court; the balance of the total assessment
shall be divided among the Contracting States that are members of the Bank in proportion
to their respective subscription to the capital stock of the Bank. The assessments shall
be calculated by the Secretary-General immediately after the adoption of the annual
budget, on the basis of the then current membership of the Centre, and shall be promptly
communicated to all Contracting States. The assessments shall be payable as soon as they
are thus communicated.
(2) On the adoption of a supplementary budget, the
Secretary-General shall immediately calculate supplementary assessments, which shall be
payable as soon as they are communicated to the Contracting States.
(3) A State which is party to the Convention during any
part of a fiscal year shall be assessed for the entire fiscal year. If a State becomes a
party to the Convention after the assessments for a given fiscal year have been
calculated, its assessment shall be calculated by the application of the same appropriate
factor as was applied in calculating the original assessments, and no recalculation of the
assessments of the other Contracting States shall be made.
(4) If, after the close of a fiscal year, it is
determined that there is a cash surplus, such surplus shall, unless the Administrative
Council otherwise decides, be credited to the Contracting States in proportion to the
assessed contributions they had paid for that fiscal year. These credits shall be made
with respect to the assessments for the fiscal year commencing two years after the end of
the fiscal year to which the surplus pertains.