The Executive Committee invited UNEP to be the Treasurer of the Fund. Thus, UNEP is responsible for receiving and administering contributions, and disbursing funds to the Fund Secretariat and the Implementing Agencies based on the directive of the Executive Committee. Following consultation with United Nations officials, UNEP shall submit investment plans related to contributions held in reserve for the Executive Committee's approval.
(UNEP/OzL.Pro/ExCom/3/18/Rev.1 Annex III (section I.3.1).