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How flexible is the use of funds? Are the budget items fungible within the budget categories (personnel, material, investment) and between the Alliance institutions?

Approved funds are university budgetary funds and are tied to the budget year in accordance with the funded project duration. They are earmarked and are to be used exclusively for personnel, material and investment funds according to the approved budget plan. Personnel, material and investment funds are generally fungible; however, the balance between the types of expenditure should not exceed 20 percent.