ECOWAS REVISED TREATY ARTICLE 71 SPECIAL BUDGETS OF THE COMMUNITY Special budgets shall be made available, where necessary, to meet the extra-budgetary expenditureof the Community. The Authorityshall, on the recommendationof Council, determine the modalities for financing such special budgets of the Community. ARTICLE 72 COMMUNITY LEVY 1. There is hereby instituteda Community levy for the purpose of generating resources for financing Community activities. 2. The Community levy shall be a percentage of the total value of import duty derivable from goods imported into the Community from third countries. 3. The actual level of the Community levy shall be determined by the Council. 4. The conditions for the application of the Community levy, the modalities for the transfer to the Community of the revenue generated and the utilization of the Community levy shall be defined in the relevant Protocol. 5. Member States undertake to facilitate the application of the provisions of this Article. ARTICLE 73 CONTRIBUTIONS BY MEMBER STATES 1. The mode by which the contributions of Member States shall be determined and the currencies in which the contributions are paid shall be as determined by Council. 2. Member States undertake to promptly transfer their assessed contributions to the Community. ARTICLE 74 FINANCIAL REGULATIONS The Financial Regulations and Manual of Accounting Procedures of the Community shall govern the application of the provisions of this Chapter. 42