Post by Atlantico Norte on May 16, 2007 12:49:25 GMT -5
UN Funding Act
Recognizing the need of the United Nations for a steady and reliable source of funding with which to conduct its appointed activities;
Also recognizing the inability of wholly voluntary contributions to meet this need;
1. Establishes a system of assessed contributions to the UN by member states on an annual basis;
2. Defines the assessed contribution as:
a. Being calculated as a percentage of the lesser of either Gross Domestic Product (GDP) or Gross National Product (GNP) of each member state,
b. Not exceeding 0.00005% of the lesser of GDP or GNP for that state;
3. Establishes a United Nations Contributions Trust (UNCT) whose powers and responsibilities shall be as follows:
a. Determining, along with UN committees, what the assessed contribution shall be for the following fiscal year;
b. Acting as the sole agency for collections of assessed contributions from member states,
c. Holding UN monies in trust on behalf of member states for disbursement according to UN requirements, as stated below;
d. Ensuring all UN monies are spent only on maintaining the missions approved by a vote of the General Assembly;
e. Returning to member states all surplus UN funds at close of each fiscal year, determined according to each member state’s proportion of total contributions, or reducing each member state’s assessment for the following fiscal year by an equivalent amount;
f. Striving for maximum efficiency in disbursement of all UN monies;
4. Establishes a UNCT Oversight Board, whose powers and responsibilities shall be as follows:
a. Overseeing UNCT and its outside auditors;
b. Permitting the publication of the independent audits and financial reports and make them available to member nations every six months;
c. Monitoring expenditures made by UN committees, in order to eliminate waste and corruption;
d. Monitoring and adjusting assessment rates where economic change necessitates such measures, while maintaining compliance with section 2b of this resolution;
e. Reducing or deferring a member state's annual assessment, upon proof of need or hardship, and by majority vote;
5. Prohibits the UN from engaging in deficit spending.
Voting Ends: 00:00 GMT SAT May 19 2007
Recognizing the need of the United Nations for a steady and reliable source of funding with which to conduct its appointed activities;
Also recognizing the inability of wholly voluntary contributions to meet this need;
1. Establishes a system of assessed contributions to the UN by member states on an annual basis;
2. Defines the assessed contribution as:
a. Being calculated as a percentage of the lesser of either Gross Domestic Product (GDP) or Gross National Product (GNP) of each member state,
b. Not exceeding 0.00005% of the lesser of GDP or GNP for that state;
3. Establishes a United Nations Contributions Trust (UNCT) whose powers and responsibilities shall be as follows:
a. Determining, along with UN committees, what the assessed contribution shall be for the following fiscal year;
b. Acting as the sole agency for collections of assessed contributions from member states,
c. Holding UN monies in trust on behalf of member states for disbursement according to UN requirements, as stated below;
d. Ensuring all UN monies are spent only on maintaining the missions approved by a vote of the General Assembly;
e. Returning to member states all surplus UN funds at close of each fiscal year, determined according to each member state’s proportion of total contributions, or reducing each member state’s assessment for the following fiscal year by an equivalent amount;
f. Striving for maximum efficiency in disbursement of all UN monies;
4. Establishes a UNCT Oversight Board, whose powers and responsibilities shall be as follows:
a. Overseeing UNCT and its outside auditors;
b. Permitting the publication of the independent audits and financial reports and make them available to member nations every six months;
c. Monitoring expenditures made by UN committees, in order to eliminate waste and corruption;
d. Monitoring and adjusting assessment rates where economic change necessitates such measures, while maintaining compliance with section 2b of this resolution;
e. Reducing or deferring a member state's annual assessment, upon proof of need or hardship, and by majority vote;
5. Prohibits the UN from engaging in deficit spending.
Voting Ends: 00:00 GMT SAT May 19 2007
