CELEX: E2007G0001
Language: en
Date: 2007-10-25 00:00:00
Title: Decision of the Standing Committee of the EFTA States No 1/2007/SC of 25 October 2007 amending Decision of the Standing Committee No 5/2004/SC establishing a principle of cost sharing for the EEA Financial Mechanism

8.5.2008   
            
            
               EN
            
            
               Official Journal of the European Union
            
            
               L 122/32
            
         
      DECISION OF THE STANDING COMMITTEE OF THE EFTA STATES
   
   No 1/2007/SC
   of 25 October 2007
   amending Decision of the Standing Committee No 5/2004/SC establishing a principle of cost sharing for the EEA Financial Mechanism
   THE STANDING COMMITTEE OF THE EFTA STATES,
   Having regard to the Agreement on the European Economic Area as adjusted by the Protocol Adjusting the Agreement on the European Economic Area, hereinafter referred to as the EEA Agreement,
   Having regard to Protocol 38a on the EEA Financial Mechanism inserted into the EEA Agreement by the Agreement on the participation of the Czech Republic, the Republic of Estonia, the Republic of Cyprus, the Republic of Latvia, the Republic of Lithuania, the Republic of Hungary, the Republic of Malta, the Republic of Poland, the Republic of Slovenia, and the Slovak Republic in the European Economic Area, and amended by the Agreement on the participation of the Republic of Bulgaria and Romania in the European Economic Area,
   Having regard to the Decision of the Standing Committee of the EFTA States No 5/2004/SC of 23 September 2004 establishing a principle of cost sharing for the EEA Financial Mechanism,
   Having regard to the fact that Liechtenstein now is in the position to produce its own official data on Gross Domestic Product (GDP),
   HAS DECIDED AS FOLLOWS:
   Article 1
   Paragraph 6 and 7 of the Annex to the Decision of the Standing Committee No 5/2004/SC establishing a principle of cost sharing for the EEA Financial Mechanism shall be replaced by the following:
   
      
                  ‘6.
               
               
                  The GDP data on which the contributions for a specific year t are to be based, shall be delivered by 1 February of the same year and shall relate to the years t-4, t-3 and t-2. For Liechtenstein, the three most recent years for which data is available shall be used.’
               
            
   Article 2
   This Decision shall take immediate effect. It shall apply for the first time for the tranche 2007-2008.
   Article 3
   This Decision shall be published in the EEA Section of, and in the EEA Supplement to, the Official Journal of the European Union.
   
      Done at Brussels, 25 October 2007.
      
         
            For the Standing Committee
         
         
            The Chairman
         
         Stefán Haukur JÓHANNESSON
         
         
            The Secretary-General
         
         Kåre BRYN