United Nations

A/RES/50/218


General Assembly

Distr. GENERAL  

29 February 1996

ORIGINAL:
ENGLISH


Fiftieth session
Agenda item 116


                  RESOLUTION ADOPTED BY THE GENERAL ASSEMBLY

               [on the report of the Fifth Committee (A/50/842)]


            50/218.  Working Capital Fund for the biennium 1996-1997


      The General Assembly

      Resolves that:

      1.    The Working Capital Fund shall be established for the
biennium 1996-1997 in the amount of 100 million United States dollars;

      2.    Member States shall make advances to the Working Capital
Fund in accordance with the scale adopted by the General Assembly for
contributions of Member States to the budget for the year 1996;

      3.    There shall be set off against this allocation of advances:

      (a)   Credits to Member States resulting from transfers made in
1959 and 1960 from the surplus account to the Working Capital Fund in
an adjusted amount of 1,025,092 dollars;

      (b)   Cash advances paid by Member States to the Working Capital
Fund for the biennium 1994-1995 in accordance with General Assembly
resolution 48/232 of 23 December 1993;

      4.    Should the credits and advances paid by any Member State to
the Working Capital Fund for the biennium 1994-1995 exceed the amount
of that Member State's advance under the provisions of paragraph 2
above, the excess shall be set off against the amount of the
contributions payable by the Member State in respect of the biennium
1996-1997;

      5.    The Secretary-General is authorized to advance from the
Working Capital Fund:

      (a)   Such sums as may be necessary to finance budgetary
appropriations pending the receipt of contributions; sums so advanced
shall be reimbursed as soon as receipts from contributions are
available for the purpose;

      (b)   Such sums as may be necessary to finance commitments that
may be duly authorized under the provisions of the resolutions adopted
by the General Assembly, in particular resolution 50/217 of 23
December 1995 relating to unforeseen and extraordinary expenses; the
Secretary-General shall make provision in the budget estimates for
reimbursing the Working Capital Fund;

      (c)   Such sums as may be necessary to continue the revolving fund
to finance miscellaneous self-liquidating purchases and activities
which, together with net sums outstanding for the same purpose, do not
exceed 200,000 dollars; advances in excess of the total of 200,000
dollars may be made with the prior concurrence of the Advisory
Committee on Administrative and Budgetary Questions;

      (d)   With the prior concurrence of the Advisory Committee, such
sums as may be required to finance payments of advance insurance
premiums where the period of insurance extends beyond the end of the
biennium in which payment is made; the Secretary-General shall make
provision in the budget estimates of each biennium, during the life of
the related policies, to cover the charges applicable to each
biennium;

      (e)   Such sums as may be necessary to enable the Tax Equalization
Fund to meet current commitments pending the accumulation of credits;
such advances shall be repaid as soon as credits are available in the
Tax Equalization Fund;

      6.    Should the provision in paragraph 1 above prove inadequate
to meet the purposes normally related to the Working Capital Fund, the
Secretary-General is authorized to utilize, in the biennium 1996-1997,
cash from special funds and accounts in his custody, under the
conditions approved by the General Assembly in its resolution 1341
(XIII) of 13 December 1958, or the proceeds of loans authorized by the
Assembly.

                                                    100th plenary meeting
                                                         23 December 1995

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