General Regulations of the Universal Postal Union · Date: 11.10.2012 · In force
1. A Reserve Fund shall be established with the Union to cover shortfalls in financing. Its amount shall be fixed by the Council of Administration. The Fund shall be maintained primarily from budget surpluses, and may also be used to balance the budget or reduce the amount of member countries' contributions.
2. In case of temporary shortfalls in Union financing, the Government of the Swiss Confederation shall make the necessary short-term advances to the Union, on conditions fixed by mutual agreement.
Source of the text
National Database of Legislation of the Republic of Uzbekistan (lex.uz). Original on lex.uz: lex.uz/docs/5103139
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Cite as: Article 147 Shortfalls in financing General Regulations of the Universal Postal Union. neolex.uz/en/laws/law-5159315/147 (lex.uz/docs/5103139)
