Article 1 
An annual contribution shall be made to the International Fund for Ireland, hereinafter called 'the Fund', for each of the years 1995, 1996, 1997. The amount of this contribution shall be established as part of the annual budgetary procedure. Article 2 The contribution shall be used by the Fund in priority for projects of a cross-border or cross-community nature, in accordance with the Agreement establishing the International Fund for Ireland. The contribution shall be used in such a way that it has a genuine additional impact on the areas concerned and should not therefore be used as a substitute for other public and private expenditure. A Commission representative shall be enabled to continue to assist as an observer at the Board meetings of the Fund. Article 3 The Commission shall administer the contribution mentioned in Article 1. The Commission shall submit an annual report to the budgetary authority covering the following matters, inter alia: - a survey of the Fund's activities, - a list of projects which have received aid, - an assessment of the nature and impact of the interventions, with particular regard to the objectives of the Fund and the criteria laid down in the first and second paragraphs of Article 2, - an Annex containing the results of the verifications and spot checks carried out by the Commission representative or his agents. Article 4 The annual contribution shall be paid over in two parts in accordance with the following provisions: - an advance of 80 % shall be paid over after signature by the chairman of the Board of the Fund of the Commission's standard undertaking relating to grants and after having made the undertaking to use the contribution in accordance with Article 2, and, as far as contributions for 1996 and 1997 are concerned, after receipt and acceptance by the Comission of the beneficiary's annual activity report and audited accounts in respect of the previous assessment, - the remaining 20 % shall be paid over after receipt and acceptance by the Commission of the beneficiary's annual activity report and audited accounts. Article 5 Before the end of 1996, the Commission shall draw up an evaluation report for the European Parliament and the Council assessing the need for continuing contributions beyond 1997. Article 6 This Regulation shall enter into force on 1 January 1995, and shall remain in force until 31 December 1997. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 31 October 1994. For the Council The President K. KINKEL (1) OJ No C 89, 26. 3. 1994, p. 6. (2) Opinion delivered on 27 September 1994 (OJ No C 305, 31. 10. 1994).
Article 2 
The contribution shall be used by the Fund in priority for projects of a cross-border or cross-community nature, in accordance with the Agreement establishing the International Fund for Ireland. The contribution shall be used in such a way that it has a genuine additional impact on the areas concerned and should not therefore be used as a substitute for other public and private expenditure. A Commission representative shall be enabled to continue to assist as an observer at the Board meetings of the Fund. Article 3 The Commission shall administer the contribution mentioned in Article 1. The Commission shall submit an annual report to the budgetary authority covering the following matters, inter alia: - a survey of the Fund's activities, - a list of projects which have received aid, - an assessment of the nature and impact of the interventions, with particular regard to the objectives of the Fund and the criteria laid down in the first and second paragraphs of Article 2, - an Annex containing the results of the verifications and spot checks carried out by the Commission representative or his agents. Article 4 The annual contribution shall be paid over in two parts in accordance with the following provisions: - an advance of 80 % shall be paid over after signature by the chairman of the Board of the Fund of the Commission's standard undertaking relating to grants and after having made the undertaking to use the contribution in accordance with Article 2, and, as far as contributions for 1996 and 1997 are concerned, after receipt and acceptance by the Comission of the beneficiary's annual activity report and audited accounts in respect of the previous assessment, - the remaining 20 % shall be paid over after receipt and acceptance by the Commission of the beneficiary's annual activity report and audited accounts. Article 5 Before the end of 1996, the Commission shall draw up an evaluation report for the European Parliament and the Council assessing the need for continuing contributions beyond 1997. Article 6 This Regulation shall enter into force on 1 January 1995, and shall remain in force until 31 December 1997. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 31 October 1994. For the Council The President K. KINKEL (1) OJ No C 89, 26. 3. 1994, p. 6. (2) Opinion delivered on 27 September 1994 (OJ No C 305, 31. 10. 1994).
Article 3 
The Commission shall administer the contribution mentioned in Article 1. The Commission shall submit an annual report to the budgetary authority covering the following matters, inter alia: - a survey of the Fund's activities, - a list of projects which have received aid, - an assessment of the nature and impact of the interventions, with particular regard to the objectives of the Fund and the criteria laid down in the first and second paragraphs of Article 2, - an Annex containing the results of the verifications and spot checks carried out by the Commission representative or his agents. Article 4 The annual contribution shall be paid over in two parts in accordance with the following provisions: - an advance of 80 % shall be paid over after signature by the chairman of the Board of the Fund of the Commission's standard undertaking relating to grants and after having made the undertaking to use the contribution in accordance with Article 2, and, as far as contributions for 1996 and 1997 are concerned, after receipt and acceptance by the Comission of the beneficiary's annual activity report and audited accounts in respect of the previous assessment, - the remaining 20 % shall be paid over after receipt and acceptance by the Commission of the beneficiary's annual activity report and audited accounts. Article 5 Before the end of 1996, the Commission shall draw up an evaluation report for the European Parliament and the Council assessing the need for continuing contributions beyond 1997. Article 6 This Regulation shall enter into force on 1 January 1995, and shall remain in force until 31 December 1997. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 31 October 1994. For the Council The President K. KINKEL (1) OJ No C 89, 26. 3. 1994, p. 6. (2) Opinion delivered on 27 September 1994 (OJ No C 305, 31. 10. 1994).
Article 4 
The annual contribution shall be paid over in two parts in accordance with the following provisions: - an advance of 80 % shall be paid over after signature by the chairman of the Board of the Fund of the Commission's standard undertaking relating to grants and after having made the undertaking to use the contribution in accordance with Article 2, and, as far as contributions for 1996 and 1997 are concerned, after receipt and acceptance by the Comission of the beneficiary's annual activity report and audited accounts in respect of the previous assessment, - the remaining 20 % shall be paid over after receipt and acceptance by the Commission of the beneficiary's annual activity report and audited accounts. Article 5 Before the end of 1996, the Commission shall draw up an evaluation report for the European Parliament and the Council assessing the need for continuing contributions beyond 1997. Article 6 This Regulation shall enter into force on 1 January 1995, and shall remain in force until 31 December 1997. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 31 October 1994. For the Council The President K. KINKEL (1) OJ No C 89, 26. 3. 1994, p. 6. (2) Opinion delivered on 27 September 1994 (OJ No C 305, 31. 10. 1994).
Article 5 
Before the end of 1996, the Commission shall draw up an evaluation report for the European Parliament and the Council assessing the need for continuing contributions beyond 1997. Article 6 This Regulation shall enter into force on 1 January 1995, and shall remain in force until 31 December 1997. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 31 October 1994. For the Council The President K. KINKEL (1) OJ No C 89, 26. 3. 1994, p. 6. (2) Opinion delivered on 27 September 1994 (OJ No C 305, 31. 10. 1994).
Article 6 
This Regulation shall enter into force on 1 January 1995, and shall remain in force until 31 December 1997. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 31 October 1994. For the Council The President K. KINKEL (1) OJ No C 89, 26. 3. 1994, p. 6. (2) Opinion delivered on 27 September 1994 (OJ No C 305, 31. 10. 1994).