Article 5Community contribution
1.The maximum Community contribution to the ARTEMIS Joint Undertaking covering running costs and R & D Activities shall be EUR 420 million paid from the appropriations in the general budget of the European Union allocated to the Theme ‘Information and Communication Technologies’ of the Specific Programme ‘Cooperation’, according to the provisions of Article 54(2)(b) of the Financial Regulation.
2.The arrangements for the Community financial contribution shall be established by means of a general agreement and annual financial agreements to be concluded between the Commission, on behalf of the Community, and the ARTEMIS Joint Undertaking.
3.The Community contribution to the ARTEMIS Joint Undertaking used to fund projects shall be allocated following open and competitive calls for proposals.