Budget transfers without amendment. Provided that the Project is implemented as described in Annex II, the partner is allowed to adjust the estimated budget set out in Annex II, by transfers between the different budget categories, without this adjustment being considered as an amendment of the Agreement provided that the following rules are respected: (a) The partner is allowed to transfer up to 20% of the funds allocated for each of the following budget categories: Project management and implementation, Transnational Project Meetings, Intellectual Outputs, Multiplier Events, Learning/teaching/training activities and Exceptional costs to any other budget category with the exception of the budget categories Project management and implementation and Exceptional costs. (b) Any budget transfer must result in an increase of maximum 20% of the amount awarded to that budget category as specified in Annex II. (c) The partner is allowed to transfer funds allocated for any budget category to the budget category Special needs support, even if no funds are allocated for Special needs support as specified in Annex II. In such case the maximum increase of 20% of the budget category Special needs support does not apply.
Appears in 3 contracts
Sources: Cooperation Agreement, Cooperation Agreement, Cooperation Agreement