BoBI op weg. Tussentijdse evaluatie van het project Bodembiologische Indicator | RIVM
46
0
0
Hele tekst
(2) SDJYDQ. 5,90UDSSRUW.
(3) 5,90UDSSRUW. SDJYDQ. $EVWUDFW 7KHUHSRUWµ%R%,RQWKHURDG¶JLYHVDQLQWHULPHYDOXDWLRQRIWKHSURMHFW 'HYHORSPHQWRIDQ LQGLFDWRUV\VWHPIRUELRORJLFDOVRLOTXDOLW\ 'XWFKDFURQ\P%R%,
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
(5) 7KHUHSRUWHQGVZLWKDGLVFXVVLRQDQGSURSRVDOVIRUWKHLQWHJUDWLRQRI HFRORJLFDOVRLOTXDOLW\LQWKHQDWLRQDOHQYLURQPHQWDOSROLF\.
(6) SDJYDQ. 5,90UDSSRUW. 9RRUZRRUG +HWRQGHU]RHNWHQEHKRHYHYDQGHRQWZLNNHOLQJYDQHHQERGHPELRORJLVFKHLQGLFDWRU GH %R%,
(7) VWDUWWHLQ QDHHQDDQWDOMDUHQYDQYRRUVWXGLHVHQHHQSLORWLQ +HW SURMHFWKHHIWPHWGHKXLGLJHRS]HWLQSULQFLSHHHQORRSWLMGYDQMDDUHQYHUJWHHQEHKRRUOLMNH LQYHVWHULQJ*HOHWRSGH]HLQVSDQQLQJHQHQKHWYRRUQHPHQRPELMKHWWRHNRPVWLJH ERGHPEHOHLGJHIRUPXOHHUGLQKHW1DWLRQDDO0LOLHXEHOHLGVSODQ 103
(8) PHHU DDQGDFKWDDQGXXU]DDPJHEUXLNYDQGHQDWXXUOLMNHKXOSEURQQHQWHJHYHQKHHIWGH RSGUDFKWJHYHU9520'*0%:/HHQ WXVVHQWLMGVH
(9) HYDOXDWLHJHYUDDJGYDQKHWSURMHFW %RGHPELRORJLVFKH,QGLFDWRU ,QGLWUDSSRUWZRUGWHHUVWHHQNRUWHWRHOLFKWLQJJHJHYHQRSGH ZHWHQVFKDSSHOLMNH
(10) DFKWHUJURQGYDQGH%R%,9HUYROJHQVLVHHQRYHU]LFKWJHPDDNWYDQGHVWDQGYDQ]DNHQHQGH EHKDDOGHUHVXOWDWHQ7HQVORWWHZRUGWKHWLQGLFDWRUV\VWHHPLQKHWOLFKWYDQGHRQWZLNNHOLQJHQ LQKHWERGHPEHOHLGJHSODDWVWHQZRUGHQWRHNRPVWLJHJHEUXLNVPRJHOLMNKHGHQDDQJHVWLSW,Q GHELMODJHQ]LMQDGGLWLRQHOHRYHUZHJLQJHQHQDFKWHUJURQGLQIRUPDWLHWRHJHYRHJG 'HRQWZLNNHOLQJYDQGH%R%,LVHHQPXOWLGLVFLSOLQDLUHDFWLYLWHLWGLHZRUGWXLWJHYRHUGLQHHQ VDPHQZHUNLQJVYHUEDQGYDQPHHUGHUHLQVWLWXWHQ+HWPDDNWWHYHQVGHHOXLWYDQKHW/19 SURJUDPPDµ$JURELRGLYHUVLWHLW¶ 'H5,90DXWHXUV]LMQYHUDQWZRRUGHOLMNYRRUGHLQKRXGYDQGLWUDSSRUW+HWRQGHU]RHNGH JHJHYHQVYHUZHUNLQJHQLQWHUSUHWDWLHYDQGHUHVXOWDWHQZDUHQHFKWHUQLHWPRJHOLMNJHZHHVW ]RQGHUGHELMGUDJHYDQRQGHUDQGHUHGHYROJHQGHSHUVRQHQHQLQVWHOOLQJHQ q $OWHUUD -DDS%ORHP$Q9RV3RSNR%ROKXLV0HLQW9HQLQJD+HQN6LHSHO*HUDUG-DJHUV RS$NNHUKXLV:LP'LPPHUV q :DJHQLQJHQ85 :LP'LGGHQ/LMEHUW%UXVVDDUG q %HGULMIVODERUDWRULXPYRRUJURQGHQJHZDVRQGHU]RHN +DUP.HLGHO&KULVWHO6LHSPDQ q 8QLYHUVLWHLWYDQ8WUHFKW 3HWHUGH5XLWHU q 9ULMH8QLYHUVLWHLW 1LFRYDQ6WUDDOHQ . .
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
(12) SDJYDQ. 5,90UDSSRUW. 6DPHQYDWWLQJ 'HRQWZLNNHOLQJYDQGH%RGHPELRORJLVFKH,QGLFDWRU %R%,
(13) LVLQJH]HWQDDUDDQOHLGLQJYDQGH YROJHQGHEHOHLGVYUDDJ LVHUHHQLQVWUXPHQW WHPDNHQ
(14) ZDDUPHHPLOLHXEHOHLGVGRHOVWHOOLQJHQ NXQQHQZRUGHQJHIRUPXOHHUGYRRUEHKRXGHQGXXU]DDPJHEUXLNYDQELRGLYHUVLWHLWHQ ERGHPIXQFWLHV" 'HRRUVSURQJYDQGH]HYUDDJOLJWLQKHW%LRGLYHUVLWHLWVYHUGUDJYDQ5LRGH-DQHLURHQKHW 6WUDWHJLVFK3ODQYDQ$DQSDN%LRGLYHUVLWHLW,QKHWQLHXZH103
(15) LVGHYUDDJ JHDFWXDOLVHHUGHQYHUEUHHGWRW GXXU]DDPJHEUXLNYDQQDWXXUOLMNHKXOSEURQQHQ 7HU RQGHUVWHXQLQJYDQKHWYRRUJHQRPHQEHOHLGRSGLWJHELHGZRUGWGRRUKHW5,90LQ VDPHQZHUNLQJPHWDQGHUHLQVWLWXWHQRQGHU]RHNJHGDDQQDDUGHPRJHOLMNKHGHQYRRUGH RQWZLNNHOLQJYDQHHQERGHPELRORJLVFKLQGLFDWRUV\VWHHP'HEDVLVYDQ%R%,LVHHQ YRHGVHOZHEDQDO\VHZDDUPHHHHQYHUEDQGJHOHJGNDQZRUGHQWXVVHQKHWDDQZH]LJH ERGHPOHYHQHQHFRORJLVFKHIXQFWLHV]RDOVGHOLIHVXSSRUWIXQFWLHV ]HOIUHLQLJHQGYHUPRJHQ UHJHQHUDWLHYDQYRHGLQJVWRIIHQERGHPVWUXFWXXUYRUPLQJHWF
(16) 'RHOVWHOOLQJHQGLHQHQ YHUYROJHQVWRWVWDQGWHNRPHQGRRUKHWNLH]HQYDQNZDOLWHLWVGRHOVWHOOLQJHQ UHIHUHQWLHEHHOGHQ
(17) RIµERGHPOHYHQGRHOW\SHQ¶'HKXLGLJHVLWXDWLHLQGH1HGHUODQGVHERGHP LQKHWDOJHPHHQRIYRRUVSHFLILHNHVLWXDWLHVLQKHWELM]RQGHUNDQGDQYHUJHOHNHQZRUGHQPHW HHQJHVWHOGHGRHO 'HRQWZLNNHOLQJYDQGH%R%,LVHHQPHHUMDULJHDFWLYLWHLWZDDULQYHOGELRORJLVFKHJHJHYHQV ZRUGHQYHU]DPHOGRYHUGHGLYHUVLWHLW DDQWDOOHQHQVDPHQVWHOOLQJ
(18) YDQERGHPRUJDQLVPHQHQ KHWYHUORRSYDQSURFHVVHQ'HYHOGELRORJLVFKHPHWLQJHQ]LMQJHNR]HQRSEDVLVYDQKXQSOHN LQKHWERGHPHFRV\VWHHPHQFULWHULDYRRUSUDNWLVFKHWRHSDVVLQJLQHHQPHHWQHW9RRUGH RQWZLNNHOLQJYDQ%R%,LVKHWRQGHU]RHNJHNRSSHOGDDQKHW/DQGHOLMN0HHWQHW %RGHPNZDOLWHLW /0%
(19) +HWSURMHFWLVJHIDVHHUGLQRS]HWHQXLWYRHULQJ 2SGLWPRPHQW QRYHPEHU
(20) LVHHQSLORWSURMHFWXLWJHYRHUGHQ]LMQHUWZHHYROOHGLJH PHHWMDUHQJHZHHVW,QPDDUWLVKHWPHHWSURJUDPPDVWLONRPHQWHOLJJHQGRRUGHPRQG HQNODXZ]HHUFULVLV,QWRWDDO]LMQJHJHYHQVYHU]DPHOGRSFDORFDWLHV'H]HYRUPHQHHQ VWHHNSURHIXLWYLMIFDWHJRULHsQYDQERGHPJHEUXLNQDPHOLMN WXLQERXZHQEORHPEROOHQ JHPHQJGHJURQGVRRUW
(21) PHONYHHKRXGHULM JUDVODQG
(22) RS]HHNOHL PHONYHHKRXGHULM JUDVODQG
(23) RS]DQGJURQG QDWXXU ERVVHQ
(24) RS]DQGHQ DNNHUERXZRS]DQG 7HYHQV]LMQVHULHVSRWHQWLsOHUHIHUHQWLHORFDWLHVELMKHWRQGHU]RHNEHWURNNHQ ELMYRRUEHHOG ELRORJLVFKHYHHWHHOWEHGULMYHQELRORJLVFKHDNNHUERXZYHUYXLOGHORFDWLHVHWF
(25) GLHEXLWHQKHW UHJXOLHUHPHHWQHWYDQKHW/0%YDOOHQ 'HWXVVHQWLMGVHUHVXOWDWHQODWHQ]LHQGDWHUYRRUYHHOLQGLFDWRUJURHSHQHHQZDDUQHHPEDDU HIIHFWLVYDQHHQWRHQDPHYDQGHJHEUXLNVLQWHQVLWHLWPHHVWDOLQGH]LQYDQHHQDIQDPHLQ DDQWDORIGLYHUVLWHLW'H]HJHJHYHQV]LMQLQPLGGHOVRRNEUXLNEDDUYRRUHHQELMGUDJHDDQGH 1DWXXUEDODQVHQYHUNHQQLQJHQ 'HYHOGELRORJLVFKHJHJHYHQVXLW%R%,ZRUGHQRSWZHHPDQLHUHQWRHJHSDVW,QGHHHUVWH SODDWVZRUGWHHQEHHOGJHPDDNWYDQGHKXLGLJHELRORJLVFKHWRHVWDQGYDQGHERGHP. GLDJQRVH
(26) GRRUJHJHYHQVYDQHHQEHSDDOGHJURHSORFDWLHVWHYHUJHOLMNHQPHWSRWHQWLsOH NZDOLWHLWVGRHOVWHOOLQJHQYRRUKHWEHWUHIIHQGHERGHPJHEUXLN'LWNDQRYHU]LFKWHOLMNZRUGHQ ZHHUJHJHYHQLQHHQ]JQ$02(%(SUHVHQWDWLHRIHHQ%RGHPNZDOLWHLWVLQGH[ 7HQWZHHGHZRUGWKHWPHWKHWJHVWDDJJURHLHQYDQKHWJHJHYHQVEHVWDQGPRJHOLMNRPHHQ ]RJHQDDPG SURJQRVWLVFK LQVWUXPHQWWHPDNHQPHWEHKXOSYDQ]JQKDELWDWUHVSRQVUHODWLHV :DQQHHUHHQPDDOEHNHQGLVKRHHHQLQGLFDWRUJURHSUHDJHHUWRSPLOLHXIDFWRUHQ]RDOV.
(27) 5,90UDSSRUW. SDJYDQ. ]XXUJUDDGRUJDQLVFKHVWRIJHKDOWHHQOXWXPIUDFWLHYDQGHERGHP]LMQGHHIIHFWHQYDQ YHUDQGHULQJHQKLHULQWHYRRUVSHOOHQ'H]HJHJHYHQV]LMQJHVFKLNWDOVEDVLVYRRUWRHSDVVLQJHQ ]RDOVODQGHOLMNHEHHOGHQYDQGLYHUVLWHLWHQKHWEHKRXGYDQIXQFWLHVHQHHQPRGHOZDDUPHH VFHQDULR¶VNXQQHQZRUGHQGRRUJHUHNHQG 'HGLDJQRVWLVFKHHQSURJQRVWLVFKHLQVWUXPHQWHQYHUHLVHQHHQERGHPELRORJLVFKH LQYHQWDULVDWLHYDQYROGRHQGHRPYDQJNZDOLWHLWVGRHOVWHOOLQJHQHQUHNHQLQVWUXPHQWHQ'H PRJHOLMNKHGHQ]LMQRQGHU]RFKWLQSLORWVHQYRRUEHHOGVWXGLHV9HUZDFKWZRUGWGDWPHWKHW KXLGLJH MDDUOLMNVH
(28) EXGJHWHQRQGHU]RHNVFDSDFLWHLWQRJGULHMDUHQQRGLJ]LMQRPGHEHQRGLJGH JHJHYHQVWHYHU]DPHOHQYRRUDJUDULVFKHERGHPJHEUXLN9RRUQDWXXUGLHQHQDDQYXOOHQGH RQGHU]RHNVLQVSDQQLQJHQJHSOHHJGWHZRUGHQ,QKHWVWHGHOLMNJHELHG VWDGVSDUNHQHQ JURHQVWURNHQ
(29) ZRUGWPRPHQWHHOQRJJHHQJHJHYHQVYHU]DPHOG9RRUDJUDULVFKERGHPJHEUXLN NDQELQQHQNRUWHHQ UHNHQSODWIRUP ZRUGHQJHPDDNW,QGHWXVVHQWLMG]LMQGHUHVXOWDWHQYDQ YHOGRQGHU]RHNEUXLNEDDURPVWDSVJHZLMVHHQEHHOGYDQGHELRORJLVFKHERGHPNZDOLWHLWLQ 1HGHUODQGWHNULMJHQ 'H%R%,LVHHQRQGHUVWHXQHQGLQVWUXPHQWELMRQWZLNNHOLQJYDQKHWERGHPEHOHLGYRRU GXXU]DDPJHEUXLNYDQQDWXXUOLMNHKXOSEURQQHQFI%RGHPHQ(FRORJLH2SEDVLVYDQGH DDQGDFKWSXQWHQLQKHW1DWLRQDDO0LOLHXEHOHLGVSODQ 103
(30) HHQUHFHQW7&%DGYLHV 7&%
(31) HQRYHUOHJWXVVHQ95207&%HQ5,90ZRUGWLQGHGLVFXVVLHYDQGLWUDSSRUW DDQJHJHYHQZDWGHSRVLWLHLVYDQGH%RGHPELRORJLVFKH,QGLFDWRUHQKRHGH]HLQGHWRHNRPVW NDQELMGUDJHQDDQKHWJHwQWHJUHHUGHERGHPEHOHLG.
(32) SDJYDQ. 5,90UDSSRUW.
(33) 5,90UDSSRUW. SDJ YDQ. ,QOHLGLQJ 'RHOHQYDQGHHYDOXDWLH 'HRSGUDFKWJHYHU'*09520%:/KHHIWDDQJHJHYHQGDWWXVVHQWLMGVHHYDOXDWLHYDQGH %RGHPELRORJLVFKH,QGLFDWRUQRGLJLVRPGDWKHW]RZHOTXDWLMGVGXXUDOVTXDNRVWHQHHQ RPYDQJULMNHLQYHVWHULQJEHWUHIWHQHUPRPHQWHHODDQGDFKWEHVWDDWYRRUKHWGXXU]DDPJHEUXLN YDQQDWXXUOLMNHKXOSEURQQHQ]RDOVGLYHUVLWHLWYDQKHWERGHPOHYHQ ]LH 103
(34) ,QGLW UDSSRUWZRUGWGDDURPRSGHYROJHQGHYUDJHQLQJHJDDQ ]LMQERGHPELRORJLVFKHSDUDPHWHUVPHHWEDDUHQ]LQYROYRRUGHEHVFKULMYLQJYDQKHW ERGHPHFRV\VWHHP" ZDWLVGH]HJJLQJVNUDFKWHQGHEHWHNHQLVYDQERGHPELRORJLVFKHSDUDPHWHUVDOVLQGLFDWRU YRRUGXXU]DDPJHEUXLNYDQGHUHJXODWLHIXQFWLHV ppQYDQGHQDWXXUOLMNHKXOSEURQQHQYDQ GHERGHP
(35) HQKRH]LMQUHJXODWLHIXQFWLHVJHNRSSHOGDDQGHQXWVIXQFWLHVYDQKHW HFRV\VWHHP" +RHNXQQHQNZDOLWHLWVGRHOVWHOOLQJHQYRRUKHWGXXU]DDPJHEUXLNYDQERGHPHFRV\VWHPHQ DIJHOHLGZRUGHQ" ]LMQERGHPELRORJLVFKHSDUDPHWHUVVWXXUEDDULQKHWERGHPEHOHLG" 1DHHQEHVFKULMYLQJYDQGHYRRUWJDQJHQGHUHVXOWDWHQYDQGH%R%,]DORSGHEHDQWZRRUGLQJ YDQGH]HYUDJHQZRUGHQLQJHJDDQLQKRRIGVWXN. 2SERXZGH%RGHPELRORJLVFKH,QGLFDWRU 'HRQWZLNNHOLQJYDQGH%RGHPELRORJLVFKH,QGLFDWRU %R%,
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
(37) (ULVJHNR]HQYRRUHHQVWDSVJHZLM]HEHQDGHULQJ ZDDULQGHYROJHQGHIDVHULQJWHRQGHUVFKHLGHQLV 2QWZHUSHQWKHRUHWLVFKHRQGHUERXZLQJYDQHHQLQGLFDWRUV\VWHHP
(38) +HWYHUNULMJHQYDQZHWHQVFKDSSHOLMNHQEHOHLGVPDWLJGUDDJYODN YDQDI
(39) 3LORWVWXG\RPPHHWEDDUKHLGHQRQGHUVFKHLGHQGYHUPRJHQYDQGHLQGLFDWRUHQDDQWH WRQHQ
(40) 2SWLPDOLVHUHQYDQGHLQGLFDWRUVHWRPGH]HWRHWHNXQQHQSDVVHQLQHHQPLOLHXPHHWQHW
(41) .HX]HYDQPHHWORFDWLHVLQFOXVLHISRWHQWLsOHUHIHUHQWLHV YDQDI
(42) 9HU]DPHOHQYDQHFRORJLVFKHEDVLVJHJHYHQVRYHUGH1HGHUODQGVH%RGHPHQGHSRWHQWLsOH UHIHUHQWLHV YDQDI
(43) 2S]HWWHQYDQHHQGDWDEDVHYRRUGHRSVODJYDQJHJHYHQVJHQHUHUHQYDQWRHSDVVLQJHQ ELMY0LOLHXEDODQVRI1DWXXUEDODQV
(44) HQKHWDIOHLGHQYDQKDELWDWUHVSRQVUHODWLHV YDQDI
(45) %RXZYDQHHQEHVOLVVLQJVRQGHUVWHXQHQGV\VWHHPYRRUGHHYDOXDWLHYDQEHOHLGVFHQDULR¶V YDQDI
(46) 9HUGLHSLQJPHWKRGLVFKHRQGHUERXZLQJHQWUHQGVLQGHWLMG HHQPDOLJYHUGHUYDQDI
(47) .
(48) SDJYDQ. 5,90UDSSRUW. 'HERYHQJHQRHPGHIDVHQ]LMQYHUVFKLOOHQGYDQRPYDQJYRRUZDWEHWUHIWGHWLMGGLHQRGLJLV RP]HXLWWHZHUNHQ%RYHQGLHQRYHUODSSHQ]HHONDDUJHGHHOWHOLMN+HWSURMHFWEHYLQGW]LFK PRPHQWHHOELMQDKDOYHUZHJHIDVH,QKRRIGVWXNZRUGWSHUIDVHHHQNRUWHHYDOXDWLH JHPDDNW. %RGHPELRORJLHHQHFRORJLHLQKHWKXLGLJHPLOLHXEHOHLG %HKRXGYDQIXQFWLRQHOHDVSHFWHQYDQELRGLYHUVLWHLWLVppQYDQGHWKHPD¶VLQKHWPLOLHXEHOHLG +HWGXXU]DDPJHEUXLNYDQQDWXXUOLMNHKXOSEURQQHQYDOWKLHURQGHU+HWEHOHLGEHYLQGW]LFK QRJLQHHQYHUNHQQHQGHIDVHZDDULQSUREOHHPVLJQDOHULQJHQLQVWUXPHQWDULXPRQWZLNNHOLQJGH DDQGDFKWKHEEHQ2SGLWRJHQEOLNRQWEUHNHQGHNDGHUVGHNHQQLVHQGHLQVWUXPHQWHQRP EHOHLGWHIRUPXOHUHQWHFRQFUHWLVHUHQHQXLWWHYRHUHQ ]LHELMY 7&%
(49) +RRIGGRHOVWHOOLQJYRRUKHWEHOHLGLVKHWLQVWDQGKRXGHQYDQKHWGUDDJYHUPRJHQYDQGHERGHP WHQEHKRHYHYDQHHQGXXU]DPHRQWZLNNHOLQJ+HWGUDDJYHUPRJHQZRUGWDDQJHWDVWDOVGH NZDOLWHLW]RGDQLJLVGDWGH]H ELQQHQHHQJHQHUDWLH
(50) NDQOHLGHQWRWRQRPNHHUEDUHHIIHFWHQ ]RDOVELMYRRUEHHOGKHWXLWVWHUYHQYDQVRRUWHQSODQWHQHQGLHUHQ+HWKXLGLJHPLOLHXEHOHLGULFKW ]LFKQLHWPHHU]R]HHURSGHDI]RQGHUOLMNHHIIHFWHQYDQPLOLHXGUXNIDFWRUHQ GHµYHUWKHPD¶V
(51) PDDUNLHVWHHQLQWHJUDOHEHQDGHULQJZDDULQJHVWXXUGZRUGWRSGHUHVXOWDQWHYDQ PDDWVFKDSSHOLMNHDFWLYLWHLWHQ 5ROYDQELRGLYHUVLWHLWLQ/LIH6XSSRUW)XQFWLHVYDQGHERGHP. 76FKRXWHQ . 9HUGHOLQJQDDURSSHUYODN. 9HJHWDWLH. /DQGJHEUXLNHQEHKHHU /DQGERXZERVERXZQDWXXU ZRQHQUHFUHDWLHLQGXVWULH ZDWHU ERGHP
(52) JURQGZDWHU. 6WRINULQJORSHQ&136 /6). SURFHV. JURHS. LQGLFDWRU. 'LYHUVLWHLW YDQ. 'HFRPSRVLWLHHQPLQHUDOLVDWLH. PLFURRUJDQLVPHQ 0LOLHXVWUHVVRUHQ 6WLNVWRI=ZDYHO.RROGLR[LGH. HQ. (FRORJLVFKHVWUXFWXXU. ERGHPIDXQD. ]ZDUHPHWDOHQ %RGHPVWUXFWXXU. RUJDQLVFKHVWRIIHQ ELMY3$.
(53). 6WXUHQGHYHUDQGHULQJHQ. PHWLQJHQ. IXQFWLRQHOH
(54) %LRGLYHUVLWHLW. /LIH6XSSRUW)XQFWLHV. DDQJULMSLQJVSXQW %RGHPELRORJLVFKH,QGLFDWRU. )LJXXU 6FKHPDWLVFKHYRRUVWHOOLQJYDQGHSODDWVYDQGH%RGHPELRORJLVFKH,QGLFDWRU DOVJUDDGPHWHUYRRUHIIHFWHQYDQUXLPWHJHEUXLNHQPLOLHXGUXNRSERGHPHFRORJLHHQ IXQFWLHV +HW5,90HQ$OWHUUDYRHUHQLQRSGUDFKWYDQ9520HQ/19SURMHFWHQXLWRPGHODFXQHVLQ NHQQLVWHQEHKRHYHYDQEHOHLGVWRHSDVVLQJHQDDQJDDQGHELRGLYHUVLWHLWHQOLIHVXSSRUWIXQFWLHV.
(55) 5,90UDSSRUW. SDJYDQ. /6)
(56) WHRQGHUYDQJHQ(pQYDQGH]HSURMHFWHQKHHIWDOVGRHOHHQERGHPELRORJLVFKHLQGLFDWRU %R%,
(57) WHRQWZLNNHOHQDOVLQVWUXPHQWYRRUGHEHRRUGHOLQJYDQGHELRORJLVFKH ERGHPNZDOLWHLW0HWGH%R%,GLHQHQYUDJHQWHNXQQHQZRUGHQEHDQWZRRUG]RDOV µZHONH FRPELQDWLHYDQ
(58) IDFWRUHQEHwQYORHGHQKHWERGHPOHYHQGHUPDWHQHJDWLHIGDWKHWYHUORRSYDQ GHHFRORJLVFKHSURFHVVHQLUUHYHUVLEHOZRUGWDDQJHWDVWGDQZHOGDWKHUVWHO]HHUPRHLOLMN ZRUGW¶)LJXXUJHHIWGHFRQWH[WYDQ%R%,DDQELQQHQGHSUREOHPDWLHNYDQUXLPWHJHEUXLN PLOLHXGUXNHQEHKRXGYDQHFRORJLVFKHIXQFWLHV ,QKHWYRRUOLJJHQGHHYDOXDWLHUDSSRUWZRUGWGHRS]HWYDQGLWLQGLFDWRUV\VWHHPXLWHHQJH]HWHQ GHWRWRSKHGHQEHKDDOGHUHVXOWDWHQJHSUHVHQWHHUG9HUYROJHQVZRUGWGH%R%,WHJHQKHWOLFKW JHKRXGHQYDQGHUHFHQWHRQWZLNNHOLQJHQHQJHGDFKWHQYRUPLQJRYHUKHWWRHNRPVWLJH ERGHPEHOHLG.
(59) SDJYDQ. 5,90UDSSRUW.
(60) 5,90UDSSRUW. SDJYDQ. 7XVVHQWLMGVHHYDOXDWLHGH%RGHPELRORJLVFKH,QGLFDWRU )DVHULQJUHVXOWDWHQHQNQHOSXQWHQ ,QGLWKRRIGVWXNZRUGWDDQGHKDQGYDQGHIDVHULQJLQKHWSURMHFW ]LH
(61) HHQRYHU]LFKW JHJHYHQYDQKHWXLWJHYRHUGHRQGHU]RHNWHQEHKRHYHYDQGHRQWZLNNHOLQJYDQGH %RGHPELRORJLVFKH,QGLFDWRU %R%,
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
(63) +HWVWUHYHQZDVRPGH]HLQIRUPDWLHRSWH QHPHQLQGH0LOLHXEDODQVHQ0LOLHXYHUNHQQLQJ(HQJRHGFRQFHSWXHHONDGHURQWEUDNHFKWHU QRJ'LWNDGHURQWVWRQGRSHHQZRUNVKRSGLHGRRUKHWDGYLHVEXUHDX9,67$ZHUG JHRUJDQLVHHUG'H]HYRHUGHYRRU'*0HHQVWXGLHXLWQDDUGHPRJHOLMNKHGHQRP ELRGLYHUVLWHLWVGRHOVWHOOLQJHQEXLWHQEHVFKHUPGHJHELHGHQWHIRUPXOHUHQ 9,67$
(64) 'H JHNR]HQLQYDOVKRHNQDPHOLMNKHWEHODQJYDQGHIXQFWLRQHOHDVSHFWHQYDQELRGLYHUVLWHLW OHLGGHWRWKHWLGHHRPVWUXFWXXU GLYHUVLWHLW
(65) YDQERGHPHFRV\VWHPHQYLDHHQ YRHGVHOZHEPRGHOWHNRSSHOHQDDQIXQFWLHV7HYHQVZHUGKHWLGHHJHRSSHUGRPHHQ JUDDGPHWHUWHPDNHQDQDORRJDDQGH$02(%(PHWKRGHGLHLQKHWZDWHUHQQDWXXUEHOHLG ZRUGHQJHEUXLNW'H]HLGHHsQZHUGHQLQ YHUGHUXLWJHZHUNWWRWHHQ%RGHPELRORJLVFKH ,QGLFDWRUV\VWHHPYRRU/LIH6XSSRUW)XQFWLHVYDQGH%RGHP 6FKRXWHQHWDO
(66) +LHULQ ZRUGWHHQSUDNWLVFKHLQYXOOLQJJHJHYHQDDQHHQERGHPELRORJLVFKHPHHWQHWLQGHYRUPYDQ LQGLFDWRUHQYRRUSURFHVVHQEHVFKULMYLQJYDQPHHWPHWKRGHQHQHHQNRVWHQUDPLQJ +HWPHHWV\VWHHPZHUGJHEDVHHUGRSGHYRHGVHOZHEVWUXFWXXULQGHERGHP+HWYRHGVHOZHE ZHUGJHVFKHPDWLVHHUGWRWIXQFWLRQHOHFRPSDUWLPHQWHQ ]LHILJXXU
(67) PHWGDDULQEDFWHULHsQ VFKLPPHOVHQERGHPGLHUHQ QHPDWRGHQSRWHQUHJHQZRUPHQVSULQJVWDDUWHQHQPLMWHQ
(68) 0HW EHKXOSYDQHHQYRHGVHOZHEPRGHO]LMQDDQWDOOHQRUJDQLVPHQHQELRPDVVDRPWHUHNHQHQQDDU NRROVWRIHQVWLNVWRIVWURPHQ RIZHOGHFRPSRVLWLHHQPLQHUDOLVDWLH
(69) ,QKHWLQGLFDWRUV\VWHHP ZRUGHQYHOGLQYHQWDULVDWLHVJHPDDNWHQPHWLQJHQJHGDDQDDQGHEHODQJULMNVWHIXQFWLRQHOH JURHSHQLQGHERGHP+LHUELMYHUJHOLMNWPHQZDDUGHQYDQGH]HOIGHLQGLFDWRUJURHSWXVVHQ ORFDWLHVRIPHWHHQUHIHUHQWLHZDDUGH2SGH]HZLM]HNDQHHQNZDOLWHLWVEHRRUGHOLQJZRUGHQ JHPDDNWHQRQWVWDDWHHQIOH[LEHOHVWUXFWXXUZDDUGHVJHZHQVWDQGHUHLQGLFDWRUJURHSHQDDQWRH WHYRHJHQ]LMQ(HQVFKHPDYDQKHWLQGLFDWRUV\VWHHPLVRSJHQRPHQLQGHELMODJHQ.
(70) SDJYDQ. 5,90UDSSRUW. )LJXXU VFKHPDWLVFKHZHHUJDYHYDQHHQERGHPYRHGVHOZHE RYHUJHQRPHQYDQ5GH *RHGH:85%RGHPNZDOLWHLW
(71) )DVH :HWHQVFKDSSHOLMNHQEHOHLGVPDWLJGUDDJYODN +HWYHUNULMJHQYDQHHQGUDDJYODNYRRUGH%R%,EHJRQLQIHLWHUHHGVWLMGHQVIDVH+HW FRQFHSWYDQGH%R%,ZHUGRSJHVWHOGGRRUHHQDGKRFJURHSYDQ1HGHUODQGVHERGHPELRORJHQ XLWYHUVFKLOOHQGHLQVWLWXWHQZDDUGRRULPSOLFLHWRRNGUDDJYODNZHUGJHFUHsHUG'DDUQDDVWLV KHWV\VWHHPRQGHUGHDDQGDFKWJHEUDFKWRSYHUVFKLOOHQGH LQWHU
(72) QDWLRQDOHV\PSRVLDGRRU YRRUGUDFKWHQHQSRVWHUSUHVHQWDWLHV ]LHRRNELMODJH
(73) +LHUGRRU]LMQRRNFRQWDFWHQJHOHJG PHWEXLWHQODQGVHZHWHQVFKDSSHUVGLHPHWVRRUWJHOLMNRQGHU]RHNEH]LJ]LMQ,Q'XLWVODQGHQ KHW9HUHQLJG.RQLQJULMNYLQGHQPRPHQWHHOYHUJHOLMNEDUHRQWZLNNHOLQJHQSODDWVHFKWHUPHHU JHULFKWRSKHWRSVWHOOHQYDQHHQHFRORJLVFKHERGHPW\SRORJLH%LMGH(8HHQSURMHFWYRRUVWHO DDQJHERGHQRQGHUGHQDDP(FRFODVVHV 7HYHQVLVHUJHZHUNWDDQKHWYHUNULMJHQYDQGUDDJYODNELQQHQKHW5,90(HQYRRUVWHOYRRU GHSRVLWLRQHULQJYDQGH%R%,LVEHVFKUHYHQLQHHQLQWHUQUDSSRUW +LQVEHUJHWDO
(74) %LQQHQGHNULQJHQYDQPLOLHXHQQDWXXUEHOHLGLVJHZHUNWDDQGUDDJYODNGRRUWLMGHQVIDVH GHSLORW
(75) YHUVFKLOOHQGHYHUWHJHQZRRUGLJHUVYDQ9520HQ/19GHEHJHOHLGLQJVFRPPLVVLH YDQKHWSURMHFWRSWHQHPHQ'LW]HW]LFKPRPHQWHHOLQEUHGHUNDGHUYRRUWLQ GLVFXVVLHJURHSHQGLH]LFKEXLJHQRYHUGHWRHNRPVWLJHUROYDQHFRORJLHLQKHWERGHPEHOHLG QDDUDDQOHLGLQJYDQHHQUHFHQW7&%DGYLHV 7&%
(76) HQKHW103
(77) +HWGRHOLVHHQ KHOGHUHIRUPXOHULQJYDQEHOHLGVGRHOVWHOOLQJHQWHNULMJHQYRRUHFRORJLVFKHERGHPNZDOLWHLWRS HHQGXVGDQLJHZLM]HGDWKHWPLOLHXHQQDWXXUSODQEXUHDXJUDDGPHWHUVKLHUYDQNXQQHQ RSQHPHQ'H%R%,NDQKLHUHHQRQGHUGHHOYDQ]LMQ9HUEUHGLQJYDQKHWGUDDJYODNEOLMIWHHQ GRRUORSHQGHDFWLYLWHLW )DVH 3LORWVWXGLH ,Q JDI9520'*0RSGUDFKWRPHHQSLORWVWXGLHXLWWHYRHUHQZDDULQKHWFRQFHSWYDQ GH%R%,LQGHSUDNWLMNNRQZRUGHQJHWRHWVW'LWRQGHU]RHNYRQGSODDWVLQ HQ 'H UHVXOWDWHQ]LMQJHUDSSRUWHHUG 6FKRXWHQHWDO 6FKRXWHQHWDO
(78) .
(79) 5,90UDSSRUW. SDJYDQ. 2PEXGJHWWDLUHUHGHQHQPRHVWHHQNHX]HZRUGHQJHPDDNWWXVVHQKHWDDQWDOORFDWLHVHQGH KRHYHHOKHLGWHPHWHQLQGLFDWRUHQ+HWDFFHQWLVJHOHJGELMKHWYHUNULMJHQYDQHHQEHHOGYDQGH UXLPWHOLMNHYDULDWLH ]RYHHOPRJHOLMNORFDWLHV
(80) PHWHHQGHHOYDQGHLQGLFDWRUHQ'HYRHGVHO ZHEDQDO\VHHQPRGHOOHULQJLVVOHFKWVRSWZHHORFDWLHVXLWJHSUREHHUG ,Q ]LMQORFDWLHVRQGHU]RFKW+LHUYDQZDUHQRQGHUGHHOYDQKHW/DQGHOLMN0HHWQHW %RGHPNZDOLWHLW /0%
(81) 'H/0%ORFDWLHVYLHOHQLQGHFDWHJRULHsQµJUDVODQGHQRS]HHNOHL¶HQ µWXLQERXZEORHPEROOHQ¶'DDUQDDVW]LMQUHIHUHQWLHV XLWHUVWHQ
(82) JH]RFKWLQGHYRUPYDQ YHURQWUHLQLJGHORFDWLHVHQELRORJLVFKHEHGULMYHQ 'HPHHVWHLQGLFDWRUHQEOHNHQVLJQLILFDQWHYHUVFKLOOHQWHYHUWRQHQWXVVHQGHWZHHERGHPW\SHQ FTERGHPJHEUXLNVFDWHJRULHsQ+HWDDQWDOUHIHUHQWLHORFDWLHVZDVWHNOHLQHQWHGLYHUVRP GXLGHOLMNHYHUVFKLOOHQDDQWHWRQHQ$OVYRRUEHHOGYRRUHHQPRJHOLMNHHFRORJLVFKH ERGHPNZDOLWHLWVEHRRUGHOLQJLVHHQ]J$02(%( ILJXXU
(83) HQHHQNZDOLWHLWVLQGH[JHPDDNW YRRUGHJUDVODQGHQRS]HHNOHL. ELRPDVVEDFWHULD. GLY%)QHP. KEDFWHULD GLY&$QHP GLY+)QHP. &)8 QLWULILFDWLRQFDS. GLY20QHP. GLY3)QHP. OHXFLQHLQFRUS. GLY)XQFWJURXSV. WK\PLGLQHLQFRUS. 0DWXULW\,QGH[. HSLJpZRUPV. DEXQGQHP. HQGRJpZRUPV. QXPEWD[DQHP. 7URSK,QGH[QHP QXPEWD[D(QFK\ DEXQG(QFK\WUDHLGV. ELRPDVVHDUWKZRUPV DEXQGDQFHHDUWKZRUPV QXPE)ULGHULFDVSHF ELRPDVV(QFK\WUDHLGV. )LJXXU $02(%(YDQJUDVODQGHQRS]HHNOHLXLWGH%R%,SLORWYDQ 'HFLUNHOLVGH JHNR]HQ
(84) UHIHUHQWLH
(85) 'HLQGLFDWRUZDDUGHQYDQEHGULMYHQXLWKHW/0%]LMQ QDDUGHJHNR]HQUHIHUHQWLHJHVFKDDOG'HPHHVWHYDOOHQELQQHQGHFLUNHOGZ]]LMQODJHU GDQGHUHIHUHQWLH,QGLFDWRUHQRSEDVLVYDQYHUVFKLOOHQGHJURHSHQ]LMQGRRUNOHXUHQ RQGHUVFKHLGHQ UR]H PLFURELRORJLVFK RUDQMH UHJHQZRUHQ JHHO SRWZRUPHQ EODXZ QHPDWRGHQ%RGHPNZDOLWHLWVLQGH[ %.,
(86) 'H%RGHPNZDOLWHLWVLQGH[VOXLWFRQFHSWXHHODDQELMGH1DWXXUZDDUGH,QGH[ 1:, 7HQ%ULQN 7HQ%ULQNHWDO
(87) ,QGH1:,ZRUGWGHERGHPNZDOLWHLWYHUPHQLJYXOGLJGPHWKHW RSSHUYODNZDDUYRRUGLWJHOGW ]LHILJXXU
(88) %HLGHJURRWKHGHQZRUGHQXLWJHGUXNWDOVIUDFWLH YDQHHQJHNR]HQUHIHUHQWLH'H1:,YDQJHELHGHQLVHYHQWXHHOWHVRPPHUHQWRWHHQODQGHOLMN EHHOG 2SEDVLVYDQGHHUYDULQJHQPHWGHSLORWZHUGEHVORWHQRPYDQDI YDQVWDUWWHJDDQPHW GHDDQJHSDVWH%R%,LQGHWZHHGHMDUHQF\FOXVYDQKHW/0%.
(89) SDJYDQ. 5,90UDSSRUW. 1: . NZDOLWHLW. . 1: . . . . NZDQWLWHLW )LJXXU 6FKHPDWLVFKHYRRUVWHOOLQJYDQGHJUDDGPHWHU(FRORJLVFK.DSLWDDO 1DWXXUZDDUGH
(90) 'HJUDDGPHWHULVHHQSURGXFWYDQNZDOLWHLWHQDUHDDO:DQQHHU]RZHOGH RPYDQJDOVGHNZDOLWHLWYDQHHQHFRV\VWHHPJHUHGXFHHUGZRUGHQPHWGHKHOIWEOLMIW YDQGHRRUVSURQNHOLMNH1DWXXUZDDUGHLQWDFW QDDU7HQ%ULQN
(91) )DVH 2SWLPDOLVHUHQYDQGHLQGLFDWRUVHW $DQGHKDQGYDQGHHUYDULQJHQXLWGHSLORWZHUGHQWZHHGLUHFWHSURFHVPHWLQJHQ &HQ1 PLQHUDOLVDWLH
(92) RSJHQRPHQLQGH%R%,7HYHQVZHUGHQPHWLQJHQDDQPLMWHQHQVSULQJVWDDUWHQ RSJHQRPHQLQKHWSURJUDPPDLQWHJHQVWHOOLQJWRWGHVHOHFWLHGLHWLMGHQVGHSLORWJHPDDNW ZHUG9RRUDOERGHPPLMWHQYRUPHQHHQGLYHUVHJURHSZDDUELQQHQPHHUGHUHIXQFWLRQHOH HHQKHGHQWHRQGHUVFKHLGHQ]LMQ&RPSOHWHYRHGVHOZHEDQDO\VHVZRUGHQQLHWRSJURWHVFKDDO XLWJHYRHUGYDQZHJHGHNRVWHQHQGHEHQRGLJGHRQGHU]RHNVFDSDFLWHLW 2SWLPDOLVHULQJLQILQDQFLsOH]LQKHHIWSODDWVJHYRQGHQGRRUGHELRORJLVFKHPHWLQJHQXLWWH YRHUHQRSGHORFDWLHVYDQKHW/DQGHOLMN0HHWQHW%RGHPNZDOLWHLW /0%
(93) +LHUELMNDQJHEUXLN JHPDDNWZRUGHQYDQGHEHVWDDQGHLQIUDVWUXFWXXUGHPHQJPRQVWHUVGLHUHHGVRSGHORFDWLHV ZRUGHQYHU]DPHOGHQGHFKHPLVFKHDQDO\VHVYRRUKHW/0% +HWRQGHU]RHNPDDNWYLDGHVDPHQZHUNLQJPHW$OWHUUDWHYHQVGHHOXLWYDQKHW/19 SURJUDPPD$JURELRGLYHUVLWHLW'HELMGUDJHYDQ$OWHUUDZRUGWKLHUGRRUYRRUDOVµHLJHQ RQGHU]RHN¶JHILQDQFLHUG ,QGHSLORW]LMQGHPHWLQJHQDDQUHJHQHQSRWZRUPHQXLWJHYRHUGELMGHVHFWLH %RGHPNZDOLWHLWYDQ:DJHQLQJHQ85'H]HWDDNZHUGLQ RYHUJHQRPHQGRRU%OJJGDW EHWHUWRHJHUXVWLVRSKHWURXWLQHPDWLJYHUZHUNHQYDQJURWHVHULHVPRQVWHUV:DJHQLQJHQ85 EOLMIWEHWURNNHQELMGHLQKRXGHOLMNHEHJHOHLGLQJHQXLWZHUNLQJYDQGHUHVXOWDWHQ.
(94) 5,90UDSSRUW. SDJYDQ. )DVH .HX]HYDQPHHWORFDWLHVHQSRWHQWLsOHUHIHUHQWLHV 'HRRUVSURQNHOLMNHRSGUDFKWYRRUGHRQWZLNNHOLQJYDQ%R%,ZDVHURSJHULFKWRPWHNRPHQ WRWGLYHUVLWHLWVGRHOVWHOOLQJHQYRRUODQGERGHPVEXLWHQGH(FRORJLVFK+RRIGVWUXFWXXU (+6
(95) +LHUGRRUODJLQWHJUDWLHPHWKHW/0%YRRUGHKDQG+HW/0%ULFKW]LFKRSKHWODQGHOLMN JHELHGPHWSURSRUWLRQHOHGHNNLQJYDQGH GRPLQDQWH
(96) ERGHPJHEUXLNVYRUPHQ'HPHHWSXQWHQ ]LMQLQWHGHOHQQDDUFDWHJRULHsQYDQERGHPW\SHHQERGHPJHEUXLNVFRPELQDWLHV+LHURQGHU ]LMQ]HRSHHQULMJH]HWPHWWXVVHQKDDNMHVKHW EHRRJGH
(97) PRQVWHUMDDU
(98) *UDVODQGHQRS]DQGJURQGYHHKRXGHULMH[WHQVLHI
(99)
(100) *UDVODQGHQRS]DQGJURQGYHHKRXGHULMLQWHQVLHI
(101)
(102) *UDVODQGHQRS]DQGJURQGYHHKRXGHULMLQWHQVLHIYDUNHQV
(103)
(104) %RVORFDWLHVRS]DQGJURQG
(105)
(106) $NNHUERXZEHGULMYHQRS]DQGJURQG
(107)
(108) *UDVODQGHQRSYHHQ
(109)
(110) $NNHUERXZRS]HHNOHL
(111)
(112) *UDVODQGHQRSULYLHUNOHL
(113)
(114) *UDVODQGHQRS]HHNOHL
(115)
(116) 9ROOHJURQGVWXLQERXZHQEORHPEROOHQEHGULMYHQ JHPHQJGHJURQGVRRUW
(117) 'HOLJJLQJYDQGHORFDWLHVLVZHHUJHJHYHQLQILJXXU. )LJXXU /LJJLQJYDQFD/0%ORFDWLHVLQ1HGHUODQG.
(118) SDJYDQ. 5,90UDSSRUW. (UEHVWDDQQRJJHHQ RIVOHFKWVDOJHPHQH
(119) HFRORJLVFKHGRHOHQYRRUJHELHGHQEXLWHQGH(+6 LQWHUPHQYDQYHJHWDWLHRIODQGVFKDS'HNHX]HYDQHFRORJLVFKHNZDOLWHLWVGRHOVWHOOLQJHQYRRU ERGHPVLVERYHQGLHQODVWLJGRRUKHWRQWEUHNHQYDQEUXLNEDUHKLVWRULVFKHJHJHYHQV+HW ERGHPHFRORJLVFKHVWUHHIEHHOGPRHWGDDURPYDVWJHVWHOGZRUGHQDOVRQGHUGHHOYDQKHW PHHWSURJUDPPDHQLVDIKDQNHOLMNYDQGH EHOHLGVPDWLJH
(120) LQYDOVKRHNRIGHEHVWHPPLQJYDQ HHQJHELHG %LMQDWXXURQWZLNNHOLQJ]LMQQDWXXUGRHOW\SHQJHGHILQLHHUGDOVUHIHUHQWLHYRRUGHEHRRUGHOLQJ HQLQULFKWLQJYDQJHELHGHQ$QDORRJDDQGH]HZHUNZLM]H]RXGHQZDDUGHQYDQ ERGHPELRORJLVFKHLQGLFDWRUHQLQGHUJHOLMNHJHELHGHQNXQQHQZRUGHQEHSDDOG+HWLVHFKWHU GHYUDDJRIKHWUHsHOLVGDWELMYRRUEHHOGDJUDULVFKJURQGJHEUXLNZRUGWYHUJHOHNHQPHWHHQ QDWXXUJHELHG2QJHWZLMIHOG]DOHHQYHUVFKLOYDVWWHVWHOOHQ]LMQPDDUZDWLVGHZDDUGHYDQ HHQGHUJHOLMNHEHRRUGHOLQJ"'HVLWXDWLHOLJWDQGHUVYRRUDJUDULVFKHJURQGHQGLHXLWSURGXFWLH ]XOOHQZRUGHQJHQRPHQHQGHEHVWHPPLQJQDWXXUNULMJHQ 7LMGHQVGHSLORW IDVH
(121) ZHUGEHVORWHQRPLQHHUVWHLQVWDQWLHDDQWHKDNHQELMKHW EHOHLGVYRRUQHPHQWHVWUHYHQQDDUGXXU]DPHYRUPHQYDQODQGERXZHQYHUJURWLQJYDQKHW DUHDDOPHWELRORJLVFKHODQGERXZWRW 3ODWWHODQGRQWZLNNHOLQJVSURJUDPPD
(122) 9DQDI LVGDDURPJHVWUHHIGQDDUPLQLPDDOELRORJLVFKHEHGULMYHQDOV UHIHUHQWLHORFDWLHVQDDVWGHGLHLQKHWODQGHOLMNPHHWQHWRQGHU]RFKWZRUGHQ 9RRUGHEHRRUGHOLQJYDQHHQJHELHG]RXGHQPHHUGHUHYDULDQWHQYDQUHIHUHQWLHVEHVFKLNEDDU PRHWHQ]LMQ5HIHUHQWLHVLQQDWXXUJHELHGHQPRHWHQDDQYXOOHQGRIDDQVOXLWHQGRSKHWORSHQGH RQGHU]RHNZRUGHQYHU]DPHOG'LWLVWHUHDOLVHUHQGRRUH[WUDLQVSDQQLQJHQELQQHQKHWSURMHFW RILQDDQVOXLWHQGHSURMHFWHQYDQDIZDDULQYHUGLHSLQJHQXLWEUHLGLQJNDQSODDWVYLQGHQ )DVH 9HU]DPHOHQYDQERGHPELRORJLVFKHEDVLVJHJHYHQVHQSRWHQWLsOHUHIHUHQWLHJHJHYHQV ,Q ZHUGEHJRQQHQPHWHHQPLQRIPHHUODQGVGHNNHQGPHHWSURJUDPPDJHNRSSHOGDDQ GHWZHHGHURQGHYDQKHW/0% ORFDWLHV
(123) HQDDQJHYXOGPHWSRWHQWLsOHUHIHUHQWLH ORFDWLHV'HYROJRUGHNRPWRYHUHHQPHWKHWRYHU]LFKWLQGHYRULJHSDUDJUDDI $OVHHUVWHZHUGHQLQ WZHHFDWHJRULHsQJUDVODQGHQRS]DQGEHPRQVWHUG ORFDWLHV
(124) ,Q VDPHQZHUNLQJPHWKHW/RXLV%RON,QVWLWXXWZHUGHQWHYHQVDFKWELRORJLVFKHYHHWHHOWEHGULMYHQ JHNR]HQ9LMIKLHUYDQPDNHQRRNGHHOXLWYDQKHW%,29((0SURMHFW7HYHQVZHUGJHEUXLN JHPDDNWYDQWZHHEHGULMYHQXLWKHWEHVWDQGYDQKHW5,900HVWPHHWQHW ,QKHWMDDURQGHU]RFKWKHW/0%HHQGHUGHFDWHJRULHYDQPHONYHHKRXGHULMEHGULMYHQRS ]DQGJURQG,QRYHUOHJPHWGHRSGUDFKWJHYHULVEHVORWHQRPZDWVSHFLILHNHUWHNLMNHQRS SURHIERHUGHULMHQGLHGHHOQHPHQDDQYRRUEHHOGSURMHFWHQLQKHWNDGHUYDQGHQLHXZH0,1$6 QRUPHULQJ+LHUELMLVGHNHX]HJHYDOOHQRSYLMIEHGULMYHQXLWKHW.RHLHQ .DQVHQSURMHFW GULHEHGULMYHQXLWGHJURHSYDQ),5ERHUHQHQWZHHEHGULMYHQXLWGH9(/9$1/$ FR|SHUDWLH 'HUHVXOWDWHQXLW HQ]LMQVDPHQJHYDWLQELMODJH9RRUGHRYHU]LFKWHOLMNKHLGLV VOHFKWVHHQGHHOYDQGH PRJHOLMNH
(125) LQGLFDWRUHQRSJHQRPHQ,QKHWNDGHUYDQGH]H WXVVHQWLMGVHHYDOXDWLHZRUGWDOOHHQRSHQDDQWDOKRRIGOLMQHQLQGHUHVXOWDWHQJHZH]HQ'H JHJHYHQV]XOOHQLQGHWDLOEHVFKUHYHQZRUGHQLQGHDFKWHUJURQGUDSSRUWDJHVRYHUGH YHUVFKLOOHQGHPHHWMDUHQ%LQQHQGHJUDVODQGHQRS]DQGEHVWDDWHUHHQJUDGLsQWLQ JHEUXLNVGUXNGRRUYHHEH]HWWLQJ1DDVWGHELRORJLVFKHEHGULMYHQ]LMQHUH[WHQVLHYH UHJXOLHUH
(126) EHGULMYHQLQWHQVLHYHHQLQWHQVLHI EHGULMYHQ YROJHQV/0%/(,LQGHOLQJ
(127) 'LWPDDNWKHW H[WUDLQWHUHVVDQWRPGHYHUVFKLOOHQLQLQGLFDWRUZDDUGHQWXVVHQFDWHJRULHsQWHYHUJHOLMNHQ+HW JHHIWWHYHQVHHQEHHOGYDQGHJHYRHOLJKHLGYDQKHWV\VWHHPDQGHUVGDQGHKHHOYHUVFKLOOHQGH JURQGHQGLHWLMGHQVGHSLORW]LMQRQGHU]RFKW 'HRQWZLNNHOLQJYDQVWUHHIEHHOGHQ UHIHUHQWLHV
(128) GRRUEHPRQVWHULQJYDQORFDWLHVEXLWHQKHW /0%LVRQGHUVFKDW(ULVHHQDDQ]LHQOLMNHRQGHU]RHNVLQVSDQQLQJPHHJHPRHLG2RNELQQHQ HHQVHW KRPRJHQH UHIHUHQWLHORFDWLHVEHVWDDWHHQ]HNHUHYDULDWLHRIEDQGEUHHGWHYDQ .
(129) 5,90UDSSRUW. SDJ YDQ. LQGLFDWRUZDDUGHQ PRJHOLMNLVGH]H]HOIVEUHGHUGDQYRRUKHWUHODWLHIKRPRJHQH ERGHPJHEUXLNELMGHLQWHQVLHYHODQGERXZHQYHHWHHOWLQ1HGHUODQG 'HUHVXOWDWHQXLWKHWPHHWSURJUDPPDYDQ HQ]LMQYHUGHUEHZHUNWYRRUKHW 1DWXXUFRPSHQGLXP(ULVHHQYRRUEHHOGXLWJHZHUNWYDQHIIHFWHQYDQPLOLHXGUXN JHEUXLNVLQWHQVLWHLW
(130) RSELRGLYHUVLWHLWHQSURFHVVHQLQGHERGHP+LHUYRRU]LMQNOHLQHUH NODVVHQYDQYHHEH]HWWLQJJHNR]HQ'LWLVJHGDDQRPGHRYHUODSGLHWXVVHQGHFDWHJRULsQ EHVWDDWWHYRRUNRPHQ'HVSUHLGLQJLQ*URRW9HH(HQKHGHQSHUKDZDVLQGHRRUVSURQNHOLMNH GDWDVHWDOVYROJW ELRORJLVFKHEHGULMYHQ*9( H[WHQVLHI LQWHQVLHI LQWHQVLHI'H]HRYHUODSLVRQWVWDDQGRRULQFRQVLVWHQWLHWXVVHQKHWERHNMDDUZDDURS GHLQGHOLQJGRRUKHW/(,LVJHEDVHHUGHQGHEHGULMIVJHJHYHQVGLHRSKHWPRPHQWYDQ PRQVWHUQDPHYHU]DPHOG]LMQ'HGDWDVHWEHYDWWHZDDUQHPLQJHQ(ULVDIJHVWDSWYDQGH RRUVSURQNHOLMNHFDWHJRULHLQGHOLQJHQYHUGHUJHUHNHQGPHWJHPLGGHOGHZDDUGHQYDQ*9(¶V SHUQLHXZHNODVVH+LHUGRRUZHUGHHQUHJUHVVLHEHQDGHULQJPRJHOLMN'HJHNR]HQEUHHGWHYDQ GHNODVVHQLVDIKDQNHOLMNJHPDDNWYDQKHWEHVFKLNEDUHDDQWDOJHJHYHQV%LMYRRUEHHOG KHW DDQWDOZDDUQHPLQJHQPHW*9(!ZDVODDJ9RRUKHWEHUHNHQHQYDQJHPLGGHOGHQ]LMQ GDDUGRRUEHGULMYHQXLWHHQEUHGHUHUDQJHJHQRPHQ ]LHILJXXU
(131) 9HUYROJHQVLVKHWYHUEDQGPHWGHGLYHUVLWHLWDDQQHPDWRGHQWD[DHQEDFWHULHDFWLYLWHLWLQEHHOG JHEUDFKW ]LHILJXXU
(132) 'HJHPLGGHOGHZDDUGHQYDQGHERGHPNZDOLWHLWVLQGH[ HHQ JHLQWHJUHHUGHLQGLFDWRU
(133) ZDUHQHQ YRRUUHVSHFWLHYHOLMNH[WHQVLHYHLQWHQVLHYH HQLQWHQVLHISOXVYHHKRXGHULMZDQQHHUGHLQGLFDWRUZDDUGHQYDQELRORJLVFKHEHGULMYHQRS
(134) ZRUGHQJHVWHOG 1HPDWRGHQELRGLYHUVLWHLWHQEDFWHULHDFWLYLWHLW. 7D[D$FWLYLWHLW
(135). . %DFWHULHDFWLYLWHLW. $DQWDOQHPDWRGHQWD[D . . . . . . . . . . *URRWYHHHHQKHGHQ DDQWDOSHUKD
(136). )LJXXU 9HUEDQGWXVVHQYHHEH]HWWLQJ PHONYHHKRXGHULMEHGULMYHQRS]DQGJURQG
(137) GLYHUVLWHLWYDQGHQHPDWRGHQIDXQDHQEDFWHULsOHDFWLYLWHLW (LQGIHEUXDULVWDUWWHKHWGHUGH%R%,PHHWMDDUPHWPRQVWHUQDPHRSGH/0% DNNHUERXZEHGULMYHQ'H]HFDWHJRULHZRUGWKHHOYURHJLQKHWMDDUEHPRQVWHUGRPGDWNRUW GDDURSEHPHVWLQJJURQGEHZHUNLQJHQLQ]DDLYDQJHZDVVHQSODDWVYLQGW'HDDQYXOOHQGH ORFDWLHVZHUGHQRSQLHXZLQRYHUOHJPHWKHW/RXLV%RON,QVWLWXXWHQKHW'/2LQVWLWXXW 3UDNWLMNRQGHU]RHN3ODQWHQ2PJHYLQJ YRRUPDOLJ3$9/HO\VWDG
(138) JHVHOHFWHHUG'H/0%.
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
(141) +HWSULQFLSHLVDOVYROJW YHOGRSQDPHVRYHUKHW YRRUNRPHQYDQVRRUWHQHQDELRWLVFKHVWDQGSODDWVIDFWRUHQZRUGHQPHWVWDWLVWLVFKHWHFKQLHNHQ JHNRSSHOGWRWHHQUHVSRQVPRGHO+LHUYRRUPRHWHQYHHOFRPELQDWLHVYDQDELRWLVFKH RPVWDQGLJKHGHQDDQZH]LJ]LMQ 9DQHQNHOHJURHSHQERGHPRUJDQLVPHQ]LMQHULQPLGGHOVYROGRHQGHJHJHYHQVRPKDELWDW UHVSRQVUHODWLHVWHEHUHNHQHQ(pQGDDUYDQLVGHJURHSYDQQHPDWRGHQ'HGDWDEDVHLV JHEUXLNWRPGHPRJHOLMNKHGHQYDQUHVSRQVPRGHOOHULQJWHRQGHU]RHNHQ+LHURQGHUYROJWHHQ YRRUEHHOGRPGLWWHLOOXVWUHUHQ 8LWGHGDWDVHWYDQORFDWLHVHQVRRUWHQ LQFOXVLHIGHJHJHYHQVXLWGHSLORW
(142) ]LMQ VLJQLILFDQWHUHVSRQVPRGHOOHQDIJHOHLGPHWppQRIPHHUERGHPHLJHQVFKDSSHQ)LJXXUJHHIW HHQLQGUXNYDQUHVSRQVFXUYHQGLHYHUNUHJHQZRUGHQYRRUVRRUWHQHQERGHPS+. . . . . . . . . . . . . . . . . . S+. )LJXXU .DQVRSYRRUNRPHQ .R9
(143) YDQQHPDWRGHQWD[DLQUHODWLHWRWGHS+YDQGH ERGHP*HJHYHQVJHEDVHHUGRSRSQDPHVPHWVRRUWHQXLWGH1(0$%$6(.
(144) 5,90UDSSRUW. SDJYDQ. ,QILJXXULVWH]LHQGDWHUVRRUWHQ]LMQPHWHHQRSWLPXPHHQDIQHPHQGHRIHHQWRHQHPHQGH NDQVRSYRRUNRPHQPHWKHWVWLMJHQYDQGHERGHPS+'DDUQDDVW]LMQHULQGLIIHUHQWHVRRUWHQ 6RRUWHQPHWHHQVPDOOHRSWLPXPFXUYH]LMQLQSULQFLSHJRHGEUXLNEDDUDOVELRORJLVFKH LQGLFDWRU%LMGHRQGHU]RFKWHQHPDWRGHQVRRUWHQLVHUGXVHHQGXLGHOLMNHHFRORJLVFKH GLIIHUHQWLDWLHWHQRS]LFKWHYDQGHDELRWLVFKHRPVWDQGLJKHGHQ LQILJXXUZHHUJHJHYHQYRRU S+
(145) LQKHWPLOLHX 9RRUDILVQLHWH[DFWDDQWHJHYHQKRHYHHOEHPRQVWHULQJHQQRGLJ]LMQYRRUGDWEUXLNEDUH KDELWDWUHVSRQVPRGHOOHQNXQQHQZRUGHQDIJHOHLG'LWYDULHHUWSHUGLHURISODQWHQJURHSHQ KDQJWPHGHDIYDQGHDELRWLVFKHJUDGLsQWGLHLQGHJHJHYHQVDDQZH]LJLV3URHIRQGHUYLQGHOLMN LVYDVWJHVWHOGGDWWRWQHPDWRGHQRSQDPHVLQGLYHUVHKDELWDWVUHHGVWRWHHQIOLQNDDQWDO
(146) VLJQLILFDQWHUHVSRQVPRGHOOHQNDQOHLGHQ(UZRUGWYDQXLWJHJDDQGDWKHW]HOIGHRRN YRRUDQGHUHVRRUWHQULMNHJURHSHQYDQERGHPRUJDQLVPHQ]DOJHOGHQ'HEHQRGLJGH YHUVSUHLGLQJVJHJHYHQVYDQDQGHUHLQGLFDWRUHQZRUGHQPRPHQWHHOLQKHW%R%, PHHWSURJUDPPDYHU]DPHOG1DMDDU]RXGHQRRNGHGDWDVHWVYRRUPLFURRUJDQLVPHQ SRWZRUPHQZRUPHQVSULQJVWDDUWHQHQPLMWHQYROGRHQGHRPYDQJJHNUHJHQPRHWHQKHEEHQ RPKDELWDWUHVSRQVUHODWLHVDIWHOHLGHQ )DVH %RXZYDQHHQEHVOLVVLQJVRQGHUVWHXQHQGV\VWHHPYRRUGHHYDOXDWLHYDQ EHOHLGVFHQDULR¶V (HQYHU]DPHOLQJUHJUHVVLHYHUJHOLMNLQJHQ ]LHILJXXU
(147) YRUPWQRJJHHQPDNNHOLMN WRHJDQNHOLMNUHNHQV\VWHHP$QDORRJDDQGH1DWXXUSODQQHU /DWRXUHWDO
(148) NDQHHQ EHVOLVVLQJVRQGHUVWHXQHQGV\VWHHPJHERXZGZRUGHQYRRUGHHFRORJLVFKHERGHPNZDOLWHLW +LHUPHHNDQELMYRRUEHHOGRXWSXWJHOHYHUGZRUGHQLQGHYRUPYDQNDDUWEHHOGHQ]RDOV ZHHUJHJHYHQLQILJXXU (HQWZHHGHWRHNRPVWLJHRQWZLNNHOLQJLVGLHYDQKHWµG\QDPLVFKHYRHGVHOZHEPRGHO¶,QKHW NRUWNRPWKHWHURSQHHUGDWKHWKXLGLJHYRHGVHOZHEPRGHOYRRU]LHQZRUGWYDQDDQJULMSLQJV SXQWHQYRRUPLOLHXVFHQDULR¶V'RRUHHQNRSSHOLQJWRWVWDQGWHEUHQJHQWXVVHQGHKDELWDW UHVSRQVPRGHOOHQHQKHWYRHGVHOZHEPRGHOLVHHQHIIHFWNHWHQWHPDNHQ6FHQDULR¶VUHVXOWHUHQ LQDELRWLVFKHYHUDQGHULQJHQZHONHYLDUHVSRQVUHODWLHVRPJH]HWZRUGHQLQHIIHFWHQRS ELRGLYHUVLWHLWYDQIXQFWLRQHOHJURHSHQ'H]HEHwQYORHGHQGHVQHOKHLGYDQPLQHUDOLVWLH SURFHVVHQLQGHERGHP.
(149) SDJYDQ. 5,90UDSSRUW. )LJXXU .DDUWYDQGHSRWHQWLsOHGLYHUVLWHLWYDQQHPDWRGHQJHQHUDRSEDVLVYDQGH ZDDUGHQYDQDELRWLVFKHIDFWRUHQLQGHERGHPNDDUWYDQ1HGHUODQGHQUHVSRQVUHODWLHV KLHUYRRU. &RQFOXVLHV ,QGH]HSDUDJUDDIZRUGHQµEXOOHWJHZLMV¶XLWKHWYRRUJDDQGHFRQFOXVLHVJHWURNNHQPEWKHW YHUYROJGHNQHOSXQWHQHQQRRG]DNHOLMNHELMVWXULQJYDQGHSURMHFWXLWYRHULQJ. q 'HRQWZLNNHOLQJYDQGH%RGHPELRORJLVFKHLQGLFDWRU %R%,
(150) LVDIKDQNHOLMNYDQKHW . YHU]DPHOHQYDQHFRORJLVFKHEDVLVJHJHYHQVRYHUGH1HGHUODQGVHERGHP2SEDVLVKLHUYDQ HQGHNHX]HYDQNZDOLWHLWVGRHOVWHOOLQJHQLVGHELRORJLVFKHNZDOLWHLWYRRUHHQDDQWDO ERGHPJHEUXLNVYRUPHQYDVWWHVWHOOHQ $02(%(%.;
(151) +LHUELM]LMQGHLQGLFDWRUZDDUGHQ YRRUSRWHQWLsOHUHIHUHQWLHVKHWPHHVWNULWLHN(QHU]LMGVLVHUQRJJHHQGXLGHOLMNH EHOHLGVPDWLJHNHX]HYRRUNZDOLWHLWVGRHOVWHOOLQJHQDQGHU]LMGVLVKHWEXGJHWQLHWWRHULMNHQG RPYROGRHQGHUHIHUHQWLHV\VWHPHQWHRQGHU]RHNHQ(HQPRJHOLMNHILQDQFLHULQJVEURQ]LMQ GHµLQWHQVLYHULQJVJHOGHQYRRUPRQLWRULQJ +LHUXLWLVGHDIJHORSHQMDUHQNI ELMJHGUDJHQ9HUKRJLQJYDQKHWDDQYXOOHQGHEHGUDJWRWjNILVQRGLJRPDOOH QRRG]DNHOLMNHDVSHFWHQYDQKHW%R%,SURMHFWXLWWHNXQQHQYRHUHQ q ,QGHKXLGLJHRS]HWHQPHWGHILQDQFLsOHUXLPWHNDQMDDUOLMNVppQEHSHUNWHVHWYDQ SRWHQWLsOHUHIHUHQWLHORFDWLHV VWXNV
(152) ZRUGHQRQGHU]RFKW'LW]RXGHQHUHLJHQOLMN PRHWHQ]LMQ(HQRSORVVLQJNDQHYHQWXHHOJHYRQGHQZRUGHQLQHHQDDQVOXLWHQGSURMHFW ZDDULQKHWDFFHQWJHOHJGZRUGWRSGHRQWZLNNHOLQJYDQUHIHUHQWLHEHHOGHQELMYRRUEHHOG GRRURQGHU]RHNLQQDWXXUJHELHGHQYHOGH[SHULPHQWHQRISUDNWLMNSURHYHQHQRS YHURQWUHLQLJGHORFDWLHV YDVWVWHOOHQOHQJWHPDDWODW
(153) .
(154) 5,90UDSSRUW. SDJYDQ. q 9RRUW]HWWLQJYDQKHWRQGHU]RHNODQJVGHSURJQRVHOLMQLVDIKDQNHOLMNYDQYROGRHQGH . q. q. q. q. q. . . . . . YHOGZDDUQHPLQJHQHQODQJHJUDGLsQWHQLQDELRWLVFKHIDFWRUHQ$FKWHUDINDQSDVEOLMNHQRI GHHUYDULQJHQRSJHGDDQPHWJHJHYHQVRYHUQHPDWRGHQRRNJHOGHQYRRUDQGHUHJURHSHQ ERGHPRUJDQLVPHQ:HOLVUHHGVWHYRRU]LHQGDWHHQDDQWDODELRWLVFKHIDFWRUHQ ELMYS+
(155) LQKHWODQGHOLMNPHHWQHWWHZHLQLJYDULDWLHYHUWRQHQRPHHQJRHGHUHVSRQVUHODWLHDIWH OHLGHQ2RNYDQXLWGLWJH]LFKWVSXQWLVKHWGXVQRRG]DNHOLMNRPGHZDDUQHPLQJHQXLWWH EUHLGHQQDDUQDWXXUJHELHGHQHQPHHUH[WUHPHVLWXDWLHV XLWHLQGHQYDQGHJUDGLsQW
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
(157) YHUGLHQWKHWLQYHUEDQGPHWKHW RQGHU]RHNQDDUGHWUHQGPDWLJHRQWZLNNHOLQJYDQGHERGHPNZDOLWHLWLQ1HGHUODQG DDQEHYHOLQJRPWHYHUYROJHQPHWGHYROJHQGHPHHWURQGH /0%HQYHUGHU
(158) 9RRU HHQFRQVLVWHQWHDDQSDNKLHULQGLHQWGHSULRULWHLWELMGH/0%ERGHPJHEUXLNVFDWHJRULHsQWH OLJJHQHQQLHWELMDQGHUHW\SHQYDQERGHPJHEUXLN +HW/0%RPYDWORFDWLHVYRRUQDPHOLMNLQDJUDULVFKHJHELHGHQ+LHUGRRULVKHW VOHFKWVPRJHOLMNRPGHHIIHFWHQYDQYHUVFKLOOHQGHW\SHQDJUDULVFKERGHPJHEUXLNLQEHHOG WHEUHQJHQ+HWERGHPEHOHLGRQWZLNNHOW]LFKQDDUYHUGHUJDDQGHLQWHJUDWLHYDQGH DI]RQGHUOLMNHERGHPWKHPD¶V GH9WKHPD¶V
(159) HQKHHIWDOVFHQWUDDOXLWJDQJVSXQWGH YHUVFKLOOHQGHYRUPHQYDQERGHPJHEUXLN+HWLVGXVQRRG]DNHOLMNRPLQGHWRHNRPVWRRN ORFDWLHVWHDQDO\VHUHQPHWDQGHUHW\SHQERGHPJHEUXLNGDQRSJHQRPHQ]LMQLQKHW/0% +HWERGHPELRORJLVFKPHHWQHW]RXXLWJHEUHLGPRHWHQZRUGHQQDDU QDWXXUHQDQGHUH JURHQYRRU]LHQLQJHQHQVWHGHOLMNHQLQGXVWULHJHELHG $IJH]LHQYDQGHZHQVHQWHQDDQ]LHQYDQGHXLWEUHLGLQJYDQKHWEHVWDQGYDQSRWHQWLsOH UHIHUHQWLHJHJHYHQVHQPHHUGHUHW\SHQERGHPJHEUXLNLVHUYRRUDOVQRJJHHQDDQOHLGLQJ RPJURWHZLM]LJLQJHQDDQWHEUHQJHQLQGHSURMHFWRS]HW(HQDDQWDOYDQGH ERYHQJHQRHPGHNQHOSXQWHQYHUGLHQHQDDQGDFKWWHQHLQGHHHQPD[LPDDOUHQGHPHQWWH KDOHQXLWGHRQGHU]RHNVLQVSDQQLQJ.
(160) SDJYDQ. 5,90UDSSRUW.
(161) 5,90UDSSRUW. SDJYDQ. $QWZRRUGHQRSGHYUDJHQ ,QGLWKRRIGVWXNZRUGWNRUWLQJHJDDQRSGHVSHFLILHNHYUDJHQGLHWHQJURQGVODJODJHQDDQ GH]HHYDOXDWLHQRWLWLH ]LHKRRIGVWXN
(162) . 0HHWEDDUKHLGYDQERGHPELRORJLVFKHSDUDPHWHUV 'HPHHWEDDUKHLGYDQERGHPELRORJLVFKHSDUDPHWHUVYDOWXLWHHQLQHHQDDQWDODVSHFWHQ QDPHOLMN q $OOHW\SHPHWLQJHQZRUGHQJHNHQPHUNWGRRUYDULDWLH6RPVZRUGWGHEUXLNEDDUKHLGYDQ ELRORJLVFKHPHWLQJHQYRRUEHOHLGRIEHVOXLWYRUPLQJODDJLQJHVFKDWYDQZHJHHHQ YHURQGHUVWHOGHJURWHYDULDWLHHQJHULQJHUHSURGXFHHUEDDUKHLG'HHUYDULQJHQPHWGH%R%, WRWQXWRHODWHQ]LHQGDWHULQGHUGDDGYDULDWLHLVWXVVHQLQGLFDWRUZDDUGHQRSYHUVFKLOOHQGH ORFDWLHVPDDUGDWRRNVLJQLILFDQWHSDWURQHQKHUNHQEDDU]LMQ0HWDQGHUHZRRUGHQ PHWLQJHQDDQERGHPELRORJLVFKHSDUDPHWHUV]LMQYROGRHQGHUREXXVWRP NZDQWLWDWLHI
(163) RQGHUVFKHLGHQRYHUHHQVWHPPLQJWXVVHQORFDWLHVWHJHYHQ (UPRHWHFKWHUGXLGHOLMNRQGHUVFKHLGJHPDDNWZRUGHQWXVVHQYDULDWLHHQRQ]HNHUKHLGLQ KHWWHNZDQWLILFHUHQHLQGSXQWPDDUGLWJHOGWLQGH]HOIGHPDWHYRRUERGHPELRORJLVFKHDOV YRRUERGHPFKHPLVFKHSDUDPHWHUV ]LHELMY .HOO\ &DPSEHOO
(164) q (UYDULQJHQPHWKHWRSURXWLQHPDWLJHEDVLVSURGXFHUHQYDQERGHPELRORJLVFKHJHJHYHQV ]LMQJHULQJDOVPHQGLWYHUJHOLMNWPHWERGHPFKHPLVFKHSDUDPHWHUV'LWKHHIWJHYROJHQ YRRUGHLQVSDQQLQJGLHYRRUORSLJQRJQRGLJLVRPERGHPHFRORJLVFKHJHJHYHQVWH YHU]DPHOHQ1LHXZHRQWZLNNHOLQJHQJDDQVQHOHQZRUGHQUHODWLHIPDNNHOLMN JHwQFRUSRUHHUG8LWHLQGHOLMNPRHWHQPHHWSURWRFROOHQJHsYDOXHHUGZRUGHQRIWRWVWDQGDDUG ZRUGHQYHUKHYHQ'HNXQGHGLHQRGLJLVYRRUERGHPELRORJLVFKHDQDO\VHVLVELMHHQ EHSHUNWJURHSGHVNXQGLJHQLQVWLWXWHQHQDGYLHVEXUHDXVDDQZH]LJ:DQQHHUVWHHGVYDNHU JHEUXLNZRUGWJHPDDNWYDQERGHPELRORJLVFKHSDUDPHWHUVNXQQHQGH]HHHQYROZDDUGLJH SRVLWLHNULMJHQQDDVWGHERGHPFKHPLVFKHDQDO\VHVHQ]DOGHUHODWLHYHDFKWHUVWDQGVQHO ZRUGHQLQJHORSHQ1DDUYHUZDFKWLQJRQWVWDDWHUGDQELQQHQHHQUHODWLHINRUWHWLMG MDDU
(165) HHQNZDOLWDWLHIKRRJZDDUGLJHQEUHHGWRHSDVEDDULQVWUXPHQWDULXP q 'HWHFKQLVFKHPHHWEDDUKHLGYDQGHSDUDPHWHUVLQKHWKXLGLJHPRQLWRULQJSURJUDPPDLV WRHUHLNHQG'LWPDJRRNYHUZDFKWZRUGHQDDQJH]LHQGHJURHSHQKLHURSJHVHOHFWHHUG ZDUHQ1DGHSLORWKHHIWERYHQGLHQQRJHHQEHSHUNWHRSWLPDOLVDWLHSODDWVJHYRQGHQ'H YHUZHUNLQJVVQHOKHLGYDQSRWZRUPHQPRQVWHUVHQPLMWHQKHHIWGHJURRWVWHSUREOHPHQ RSJHOHYHUG$DQJH]LHQGHPRQVWHUVYDQERGHPPLMWHQGLUHFWYHUZHUNWHQJHIL[HHUG ZRUGHQGRHWGHOHQJWHYDQGHRSVODJSHULRGHJHHQDIEUHXNDDQGHNZDOLWHLW9RRU SRWZRUPHQLVGHYHUZHUNLQJVPHWKRGLHNDDQJHSDVW+HWHIIHFWYDQODQJGXULJHRSVODJ ZRUGWPRPHQWHHOQDGHURQGHU]RFKW . . .
(166) SDJYDQ. 5,90UDSSRUW. =HJJLQJVNUDFKWHQEHWHNHQLVYDQERGHPELRORJLVFKH SDUDPHWHUVYRRUGHUHJXODWLHIXQFWLHV +HWERGHPOHYHQVSHHOW]LFKJURWHQGHHOVEXLWHQRQVJH]LFKWVYHOGDI KHWEHWUHIWNOHLQHHQ]HHU NOHLQHRUJDQLVPHQGLH GLHS
(167) LQGHJURQGOHYHQ7RFKUHNHQWPHQLPSOLFLHWRSKHW ERGHPOHYHQELMKHWJHEUXLNYDQGHERGHPYRRUSURGXFWLH ODQGERXZYHHWHHOWPRHVWXLQ
(168) YRRUKHWKHUEHUJHQYDQ GRHO
(169) VRRUWHQWHQEHKRHYHYDQQDWXXURQWZLNNHOLQJHQJURHQYRRU GHFRPSRVLWLHYDQRUJDQLVFKPDWHULDDOHQKHW]HOIUHLQLJHQGHYHUPRJHQ LQIUDVWUXFWXXU VWHGHOLMNJHELHGEHODVWLQJPHWVWRIIHQ
(170) 'DDUQDDVWLVGHRPYDQJYDQKHWERGHPOHYHQLQ WHUPHQYDQGLYHUVLWHLWqQELRPDVVDJURWHUGDQYDQGH]LFKWEDUHERYHQJURQGVHQDWXXU'H SDUDGR[LVGDWGHEHWHNHQLVYDQKHWERGHPHFRV\VWHHPYRRUGHUHJXODWLHIXQFWLHVRQRPVWUHGHQ LVPDDUGDWGHPDDWVFKDSSHOLMNHEHODQJVWHOOLQJYRRUKHWERGHPOHYHQDOVJHYROJYDQGH JHULQJHµDDLEDDUKHLG¶JHULQJLV5HFHQWZHUGYRRU,U5HLMRXGYRRU]LWWHUYDQGH7&%HHQ DIVFKHLGVV\PSRVLXPJHRUJDQLVHHUG 9HUORRS
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µLQGDW SHUFHHO]LWWHQYHHOZRUPHQGDW]LHMHDDQGHVWUXFWXXUHQGHSURGXFWLH¶
(172) =LM]RXGHQGDDU JUDDJREMHFWLHYHZDDUQHPLQJHQQDDVWOHJJHQ (HQDQGHUHPRJHOLMNKHLGLVRPHHQXLWZHUNLQJWH]RHNHQLQGHULFKWLQJYDQGH QXWVIXQFWLHV. YDQKHWHFRV\VWHHP+LHUELMJDDWGHDDQGDFKWQLHWXLWQDDUKHWERGHPHFRV\VWHHPDOV]RGDQLJ PDDUQDDUHHQJHwQWHJUHHUGNHQPHUN]RDOV DJUDULVFKHSURGXFWLHRQGHUOHJJHUYRRUJURHQHQ QDWXXUIXQFWLHVERGHPVWUXFWXXUYHUEHWHULQJNULQJORSHQHQ]HOIUHLQLJHQGYHUPRJHQHQ PRJHOLMNKHGHQYRRUYHUDQGHULQJHQYDQERGHPJHEUXLN'H]HJHwQWHJUHHUGHNHQPHUNHQ]LMQ YDQEHODQJYRRUKHWGXXU]DDPJHEUXLNYDQGHERGHPHQNRSSHOEDDUDDQVWRINULQJORSHQHQ ELRGLYHUVLWHLW %HLGHVSRUHQYHUKRJLQJYDQGHDDLEDDUKHLGYDQKHWERGHPOHYHQGRRUYRRUOLFKWLQJHQ DDQGDFKWYRRUGHIXQFWLHVYDQKHWERGHPHFRV\VWHHP]XOOHQELMGUDJHQDDQHHQYHUEHWHULQJ YDQGH]HJJLQJVNUDFKWYDQERGHPELRORJLHYRRUGHEHSDOLQJYDQGHERGHPNZDOLWHLW'H YRRUJHQRPHQXLWZHUNLQJLQKHWERGHPEHOHLGYROJHQVKHW103
(173) HQGHDGYLH]HQYDQ GH7&% ELMY7&%
(174) GUDJHQKLHUDDQELMPHWFRQFUHWHDDQNQRSLQJVSXQWHQYRRU RQGHU]RHNHQEHOHLGVRQWZLNNHOLQJHQ RSWHUPLMQ
(175) LPSOHPHQWDWLH %LM ELMQD
(176) DOOHYRUPHQYDQERGHPJHEUXLNZRUGHQppQRIPHHUQXWVIXQFWLHVYDQKHW ERGHPHFRV\VWHHPDDQJHVSURNHQ$OVJHYROJYDQWH]ZDUHPLOLHXGUXNELMYRRUEHHOGELMKRJH FRQFHQWUDWLHVYHURQWUHLQLJHQGHVWRIIHQRIELMLQWHQVLHIEHKHHUNDQKHWERGHPJHEUXLNLQ JHYDDUNRPHQGRRUYHUVWRULQJYDQGHUHJXODWLHIXQFWLHV2RNWRHNRPVWLJHYHUDQGHULQJHQYDQ ERGHPJHEUXLNNXQQHQEHSHUNWZRUGHQDOVJHYROJYDQHHQJHULQJHERGHPELRORJLVFKH NZDOLWHLWELMYRRUEHHOGELMQDWXXURQWZLNNHOLQJLQKHWJHYDOYDQXLWSURGXFWLHJHQRPHQ ODQGERXZWHUUHLQHQ.
(177) 5,90UDSSRUW. SDJYDQ. $IOHLGLQJYDQNZDOLWHLWVGRHOVWHOOLQJHQ +HWDIOHLGHQYDQNZDOLWHLWVGRHOVWHOOLQJHQYRRUJHELHGHQEXLWHQGH(FRORJLVFKH +RRIGVWUXFWXXUZDVppQYDQGHDFWLHSXQWHQLQKHW6WUDWHJLVFKH3ODQYDQ$DQSDN %LRGLYHUVLWHLW 63$
(178) 'HRQWZLNNHOLQJYDQGH%RGHPELRORJLVFKH,QGLFDWRUKHHIWKLHULQ]¶Q RRUVSURQJ5RQGGHEHJULSSHQNZDOLWHLWVGRHOVWHOOLQJHQHQUHIHUHQWLHVKHHUVWHQLJHYHUZDUULQJ RPGDW]HYDDNDOVV\QRQLHPHQJHEUXLNWZRUGHQ(HQUHIHUHQWLHNDQVODDQRSHHQVLWXDWLHLQ KHWYHUOHGHQRIHHQLGHDDOEHHOGYRRUHHQEHSDDOGJHELHG'H]HEHQDGHULQJZRUGWYHHOLQKHW QDWXXUEHOHLGJHYROJG.ZDOLWHLWVGRHOVWHOOLQJHQ]LMQLQSULQFLSHHHQNHX]HSXQW µWDUJHW¶
(179) RSGH ZHJWXVVHQGHKXLGLJHVLWXDWLHHQGH KLVWRULVFKH
(180) UHIHUHQWLH=HNXQQHQGDDUPHHVDPHQYDOOHQ PDDUGDWKRHIWQLHW.ZDOLWHLWVGRHOVWHOOLQJHQKDQJHQGXVDIYDQNHX]HVHQSUDNWLVFKH PRJHOLMNKHGHQRPHHQEHSDDOGJHELHGVW\SHERGHPJHEUXLNVRRUWHQVDPHQVWHOOLQJRI QDWXXUGRHOW\SHWHUHDOLVHUHQ +LVWRULVFKHJHJHYHQVRYHUERGHPELRORJLVFKHDVSHFWHQ GLYHUVLWHLWHQSURFHVVHQ
(181) ]LMQQLHWRI QDXZHOLMNVEHVFKLNEDDU5HIHUHQWLHJHJHYHQVPRHWHQGXVDIJHOHLGZRUGHQYDQGHKXLGLJH ERGHPHFRORJLVFKHVLWXDWLHPHWHHQJHZHQVWH GXXU]DPH
(182) YRUPYDQERGHPJHEUXLNRIYDQHHQ WKHRUHWLVFKEHHOGJHEDVHHUGRSHHQEHUHNHQGHVLWXDWLH YLDH[WUDSRODWLHRIERGHPELRORJLVFKH PRGHOOHQ
(183) ,QKHWKXLGLJHERGHPEHOHLGZRUGHQYHUVFKLOOHQGHW\SHQERGHPJHEUXLNRQGHUVFKHLGHQ+HWLV GHXLWGDJLQJRPNZDOLWHLWVGRHOVWHOOLQJHQWHRQWZLNNHOHQRSHHQ]RGDQLJHZLM]HGDWHUHHQ NRSSHOLQJWRWVWDQGNRPWWXVVHQERGHPJHEUXLNHQHFRORJLVFKHDVSHFWHQ'H]HNRSSHOLQJNDQ ZRUGHQJHPDDNWGRRUHHQEUXJWHVODDQWXVVHQJHEUXLNVIXQFWLHV QXWVIXQFWLHV
(184) HQ UHJXODWLHIXQFWLHV ]LHILJXXU
(185) 'HQXWVIXQFWLHV]LMQRQGHUGHHOYDQKHWPDDWVFKDSSHOLMNH GRPHLQ'HUHJXODWLHIXQFWLHV]LMQJHNRSSHOGDDQKHWERGHPELRORJLVFKHGRPHLQ%LMHONH KRRIG
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
(187) DWPRVIHULVFKHGHSRVLWLHHQZDWHUKXLVKRXGLQJ%LRWLVFKHNHQPHUNHQ]LMQELMYRRUEHHOG ELRPDVVDELRGLYHUVLWHLWYRHGVHOZHENDUDNWHULVWLHNHQHQG\QDPLHN.
(188) SDJYDQ. 5,90UDSSRUW. 'HERYHQVWDDQGHPHWKRGLHNLVYHUJHOLMNEDDUPHWGLHYDQ5XWJHUVHWDO
(189) HQ)DEHU
(190) YRRUGHEHRRUGHOLQJYDQGHULVLFR¶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µGH]DOPWHUXJLQGH5LMQ¶,QIHLWHLVGHNZDOLWHLWVGRHOVWHOOLQJWHYHQVLQGLFDWRU JHZRUGHQ9RRUERGHPIXQFWLHVLVGLWVRRUWLQGLFDWRUHQPRJHOLMNWHEHGHQNHQ µGH URRIQHPDWRGHWHUXJLQGH1HGHUODQGVHERVVHQ¶
(191) PDDU]H]XOOHQZDDUVFKLMQOLMNZHLQLJ DDQVSUHNHQHQGDDURPQLHWYDQSUDNWLVFKHZDDUGH]LMQ =RDOVLQKHWYRRUJDDQGHLVWRHJHOLFKWZRUGWGDDURPYRRUJHVWHOGRPERGHPJHEUXLNWH NRSSHOHQDDQUHJXODWLHIXQFWLHVHQGH]HWHRQWUDIHOHQLQRQGHUOLJJHQGHSURFHVVHQHQ RUJDQLVPHQGLHHUELMEHWURNNHQ]LMQ=R]LMQRSSUDJPDWLVFKHPDQLHUPHHWEDUHLQGLFDWRUHQWH NLH]HQHQNZDOLWHLWVGRHOVWHOOLQJHQWHIRUPXOHUHQ'HODDWVWHZHUNZLM]HLVJHYROJGELMGH RS]HWYDQGH%RGHPELRORJLVFKH,QGLFDWRUYRRUGHUHJXODWLHIXQFWLHVµ&HQ1PLQHUDOLVDWLH QXWULsQWHQF\FOL¶HQµERGHPVWUXFWXXUYRUPLQJ¶ 6FKRXWHQHWDO
(192) 'HRQWZLNNHOLQJYDQHFRORJLVFKHNZDOLWHLWVGRHOVWHOOLQJHQYRRUERGHPVWDDWQRJLQGH NLQGHUVFKRHQHQ:DQQHHUYROOHGLJHRQGHUERXZLQJHQYDOLGDWLHZRUGWQDJHVWUHHIG]DO LPSOHPHQWDWLHLQKHWEHOHLGHQLJHWLMGLQEHVODJQHPHQ'DWZLOHFKWHUQLHW]HJJHQGDWHUJHHQ YRRUORSLJHRIVWDSVJHZLM]HLQYXOOLQJPRJHOLMNLV,QGLWYHUEDQGNDQZRUGHQJHZH]HQRSGH WRWVWDQGNRPLQJYDQKHWQRUPHQVWHOVHOWHUEHVFKHUPLQJYDQKHWHFRV\VWHHPWHJHQ YHURQWUHLQLJLQJPHWWR[LVFKHVWRIIHQ'HHFRORJLVFKHNZDOLWHLWVGRHOVWHOOLQJHQ ULVLFRVFKDWWLQJ
(193) GH+&HQ+&ZDDUGHQ]LMQJHEDVHHUGRSGHWRHSDVVLQJYDQHHQPRGHO ZDDUELMH[SHULPHQWHOHODERUDWRULXPJHJHYHQVJHEUXLNWZRUGHQ XLWGHZHWHQVFKDSSHOLMNH OLWHUDWXXU
(194) RPHFRORJLVFKHHIIHFWHQWHVFKDWWHQ0HWKHWPRGHOZRUGWEHUHNHQGZHONHIUDFWLH YDQGHVRRUWHQLVEORRWJHVWHOGERYHQHHQQRHIIHFWOHYHORQGHUGHDDQQDPHGDWGHJHEUXLNWH WRHWVJHJHYHQVHHQVWHHNSURHI]LMQXLWKHWHFRV\VWHHP0HWEHKXOSYDQGH]HEHQDGHULQJZDV KHWPRJHOLMNRPRSHHQWHUPLMQYDQHQNHOHMDUHQPLOLHXEHOHLGWHRQWZLNNHOHQYRRUGH HFRORJLVFKHHIIHFWHQYDQWR[LVFKHVWRIIHQ6WULNWJHQRPHQLVKHWEHOHLGYRRUERGHP YHURQWUHLQLJLQJJHEDVHHUGRSRQYROOHGLJHRQGHUERXZGHEHVFKHUPLQJVQLYHDXV 6ZDUWMHV
(195) 'H+&HQ+&ZDDUGHQZRUGHQYHURQGHUVWHOGUHSUHVHQWDWLHIWH]LMQYRRUHHQ EHSDDOGHPDWHYDQEHVFKHUPLQJYDQKHWHFRV\VWHHPPDDUGHRQGHUOLJJHQGHDDQQDPHV]LMQ QLHWRIVOHFKWVVWHHNSURHIVJHZLMVJHWRHWVW 3RVWKXPDHWDO
(196) +HWLVDOJHPHHQEHNHQGGDWGHUHJXODWLHIXQFWLHVDOVJHYROJYDQVWUHVVGRRULQWHQVLHI ERGHPJHEUXLNXLWHLQGHOLMNDDQJHWDVWZRUGHQPDDURRNGDWDOVJHYROJYDQHFRORJLVFKH UHGXQGDQWLHGLHDDQWDVWLQJSDVQDYHUORRSYDQWLMGRISDVELMKRJHVWUHVV]LFKWEDDUZRUGW :DQQHHUGHUHODWLHWXVVHQGHLQWHQVLWHLWYDQVWUHVVIDFWRUHQHQGHUHJXODWLHIXQFWLHVEHNHQGLV NXQQHQNZDOLWHLWVGRHOVWHOOLQJHQDIJHOHLGZRUGHQRSEDVLVYDQULVLFR¶VRIEHVFKHUPLQJV QLYHDXV,QWHJHQVWHOOLQJWRWHIIHFWHQYDQ]ZDUHPHWDOHQRSVRRUWHQ]LMQHIIHFWHQRSQXWVRI UHJXODWLHIXQFWLHVQLHWHHQYRXGLJLQODERUDWRULXPWRHWVHQYDVWWHVWHOOHQ+LHUYRRULV H[SHULPHQWHHOYHOGRQGHU]RHNRIRQGHU]RHNODQJVHHQJUDGLsQWYDQHHQEHSDDOGHVWUHVVIDFWRU QRGLJ'HHFRORJLVFKHULVLFR¶VYDQGH]HVWUHVVIDFWRUHQNXQQHQYROJHQVHHQ]HOIGHVWDWLVWLVFKH H[WUDSRODWLHWHFKQLHNZRUGHQDIJHOHLG.
(197) 5,90UDSSRUW. SDJ YDQ. 6WXXUEDDUKHLG %RGHPELRORJLVFKHSDUDPHWHUVOLMNHQLQWHJHQVWHOOLQJWRWERGHPFKHPLVFKHSDUDPHWHUV PRHLOLMNVWXXUEDDU YRRUKHWEHOHLGHQYRRUGHJHEUXLNHU
(198) RPGDWKHWODVWLJYRRUWHVWHOOHQLV KRHJHPDQLSXOHHUG]RXNXQQHQZRUGHQPHWERGHPRUJDQLVPHQRISURFHVVHQ7RFKLVGLW YRRUQDPHOLMNVFKLMQRPGDWKHWERGHPOHYHQHQGHDELRWLVFKHRPVWDQGLJKHGHQQLHWORVYDQ HONDDUEHVFKRXZGNXQQHQZRUGHQ%LMHONHLQJUHHSLVHUHHQNDQVRSHHQVDPHQKDQJHQG HIIHFWRSKHWERGHPOHYHQpQRSGHDELRWLVFKHHLJHQVFKDSSHQYDQGHERGHP ]LHRRN ELMODJH
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
(200) HWF (HQQLHXZHOHPHQWELMKHWPLOLHXEHOHLGLVGHFHQWUDOHSRVLWLHYDQKHWERGHPJHEUXLN(UOLMNW HHQWRHQHPHQGEHVHIWHRQWVWDDQGDWQLHWHONERGHPJHEUXLNRYHUDOJHUHDOLVHHUGNDQZRUGHQ 'HPDDNEDDUKHLGYDQQDWXXULVEHSHUNWHQLQWHQVLHYHDJUDULVFKHSURGXFWLHKHHIWQHJDWLHYH HIIHFWHQRSKHWPLOLHX6RPPLJHERGHPVOHQHQ]LFKPLQGHUJRHGYRRUDJUDULVFKHJHEUXLNHQ ]LMQPHHUJHVFKLNWYRRUQDWXXURQWZLNNHOLQJ GDWLVDOWLMG]RJHZHHVW ]LHELMYRRUEHHOGZRHVWH JURQGHQRSGH9HOXZH
(201) 6RPVLVKHWRQPRJHOLMNRPQLHXZHQDWXXUWHRQWZLNNHOHQRS YRRUPDOLJHODQGERXZJURQGRPGDWKHWJHVFKLNWHERGHPOHYHQRQWEUHHNWHQGHERGHPWHYHHO YRHGLQJVWRIIHQEHYDW 'HFRQFOXVLHLVGDWGHVWXXUEDDUKHLGYDQKHWERGHPHFRV\VWHHPYLDGHJDQJEDUH ERGHPEHKHHUVSUDNWLMNNDQZRUGHQJHsIIHFWXHHUGQO W\SHERGHPJHEUXLN LQWHQVLWHLWERGHPJHEUXLN ERGHPEHKHHU]RDOV EHVFKHUPHQ ELMYYLDEHKHHUVPDDWUHJHOHQ
(202) LVROHUHQ DIGHNODJHQWRHJDQJVUHJHOLQJHQQDWXXUEHKHHUHWF
(203) FRQWUROHUHQ SDVVLHYHHQDFWLHYHPRQLWRULQJ
(204) ELRUHPHGLDWLHHQUHVWDXUDWLH LQVLWXH[VLWXI\WRH[WUDFWLH]HOIUHLQLJHQGYHUPRJHQ
(205) EHZHUNHQ RRJVWHQEDJJHUHQSORHJHQDISODJJHQHWF
(206) YHUEHWHUHQ EHPHVWHQEHNDONHQEHVWULMGLQJVPLGGHOHQHWF
(207) K\GURORJLH ELMYJURQGZDWHUVWDQGVWURPHQHQNZDOLWHLW
(208).
(209) SDJYDQ. 5,90UDSSRUW.
(210) 5,90UDSSRUW. SDJYDQ. 7RHNRPVWLJERGHPEHOHLGHQHFRORJLH 6WDQGYDQ]DNHQ +HWPLOLHXEHOHLGZHUGWRWRSKHGHQJHGRPLQHHUGGRRUEHOHLGRSDI]RQGHUOLMNHWKHPD V]RDOV YHUPHVWLQJYHU]XULQJHQYHURQWUHLQLJLQJ GH9WKHPD V
(211) 3UDNWLVFKHNHQQLVHQLQVWUXPHQWHQ RYHUHFRORJLVFKHDVSHFWHQYDQGHERGHPLQUHODWLHWRWPLOLHXGUXNZHUGRQWZLNNHOGSHUWKHPD HQDI]RQGHUOLMNLQKHWEHOHLGJHwQFRUSRUHHUG2SGH]HZLM]HNRQGHQYHUVFKLOOHQGHHFRORJLVFKH FRQFHSWHQYDQGHERGHPKXQLQJDQJYLQGHQ%LMKHWWKHPDYHURQWUHLQLJLQJZDVKHWEHOHLG JHULFKWRSKHWYRRUNRPHQRIZHJQHPHQYDQYHURQWUHLQLJLQJ'HUDWLRQDOHKLHUELMLVGDWKHWELM YHURQWUHLQLJLQJLQSULQFLSHRPV\VWHHPYUHHPGHVWRIIHQJDDW KRJHFRQFHQWUDWLHV JHULQJH RPYDQJ
(212) 'LWEHOHLGZHUGJHIRUPXOHHUGPHWHHQFHQWUDOHSODDWVYRRUERGHPNZDOLWHLW KHW QRUPHQVWHOVHO
(213) RSEDVLVYDQULVLFRJUHQ]HQ%LMGHWKHPD VYHU]XULQJHQYHUPHVWLQJZHUGKHW EHOHLGJHULFKWRSKHWYHUPLQGHUHQYDQGHEHODVWLQJYDQKHWPLOLHXGRRUEURQJHULFKWH PDDWUHJHOHQ YHUPLQGHUGHXLWVWRRW
(214) ZDDUGRRUGHPLOLHXGUXNRSWHUPLMQYHUPLQGHUWHQGH NZDOLWHLWYDQKHWV\VWHHPYHUEHWHUW*URIZHJJDDWKHWELMGH]HWKHPD VRPUHODWLHIODJH FRQFHQWUDWLHVV\VWHHPHLJHQVWRIIHQGLHHFKWHUDOVJHYROJYDQEXONXLWVWRRWYRRUJURRWVFKDOLJH SUREOHPHQ]RUJHQ 'HERGHPNDQZRUGHQEHVFKRXZGDOVLQWHJUDWRUYDQDOOHPLOLHXGUXNµKHWEH]LQNSXWMHYDQKHW PHQVHOLMNKDQGHOHQ¶$DQGDFKWRSDI]RQGHUOLMNHWKHPD¶VOLMNWVWHHGVPLQGHUHIIHFWLHIRPKHW PLOLHXHQGHERGHPRSWHUPLMQDIGRHQGHWHEHVFKHUPHQ'DDURPZRUGWLQKHW103
(215) XLWGUXNNHOLMNHHQDDQ]HWJHJHYHQYRRUHHQLQWHJUDOHDDQSDN XLWJHGUXNWLQ]RJHQDDPGH µWUDQVLWLHV¶'XXU]DDPJHEUXLNHQEHKRXGYDQELRGLYHUVLWHLWHQQDWXXUOLMNHKXOSEURQQHQZRUGW ELMGULHWUDQVLWLHVYDQEHODQJJHDFKW8LWJDQJVSXQWLVGDWKHWJHEUXLNYDQERGHPGRRUGHPHQV FHQWUDDOVWDDW NRUWZHJERGHPJHEUXLNJHQRHPG8LWZHUNLQJKLHUYDQLQKHWPLOLHXEHOHLGNDQ DOOHHQVXFFHVYROZRUGHQDOVGHDI]RQGHUOLMNHPLOLHXWKHPD¶VXLWJHEUHLGZRUGHQPHWHHQ LQWHJUDOHDDQSDNRSEDVLVYDQERGHPJHEUXLN. :LHKHEEHQEHODQJELMHFRORJLHDOVRQGHUGHHOYDQKHW ERGHPEHOHLG" %LMGHWRHNRPVWLJHIRUPXOHULQJYDQLQWHJUDDOERGHPEHOHLG]XOOHQEHODQJKHEEHQGHQ JOREDOH QDWLRQDOHHQORFDOHRYHUKHGHQPLOLHXHQQDWXXURUJDQLVDWLHVWHUUHLQEHKHHUGHUV ERGHPHLJHQDUHQHQDQGHUHPDDWVFKDSSHOLMNHJURHSHULQJHQ
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
(217) ORNDOH HFRQRPLVFKHIDFWRUHQHQGHWHYRRU]LHQHERGHPJHEUXLNVYHUDQGHULQJHQ'XXU]DDP ERGHPJHEUXLNYRRUGHDFWXHOHWRHSDVVLQJHQSRWHQWLHHOKHUVWHOYHUPRJHQ]LMQKLHUELM VOHXWHOEHJULSSHQ.
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
(219) QLYHDXYHUJHOLMNEDDU]RGDWGHDI]RQGHUOLMNHVSRUHQ]RODQJPRJHOLMN ]LFKWEDDUEOLMYHQ6RPVGUXLVHQQDWXXURQWZLNNHOLQJ ELMYEHVFKHUPLQJYDQ]HOG]DPHSODQWHQ HQGLHUHQRSHHQYHUYXLOGHORFDWLH
(220) HQYHUEHWHULQJYDQHFRORJLVFKHERGHPNZDOLWHLW ELMY ERGHPVDQHULQJELMGH]HORFDWLH
(221) WHJHQHONDDULQ. 7RHNRPVWYRRUGHERGHPELRORJLVFKHLQGLFDWRU" .HQQLVYDQKHWERGHPHFRV\VWHHPLVQRGLJRPKHWLQVWUXPHQWDULXPWHRQWZLNNHOHQHQGH GRHOVWHOOLQJHQWHIRUPXOHUHQYRRULQWHJUDDOERGHPEHOHLG'HUXLPWHOLMNHJHGHWDLOOHHUGKHLG YDQGHERGHPNHQQLV FIERGHPJHEUXLNERGHPW\SHHFRW\SH
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±LQWHJUDWLH'H µKRPRJHQH¶DDQSDNLQHHQPHHWQHWOHYHUGHPHWUHODWLHIZHLQLJJHJHYHQVUHHGVHHQDDQWDO EUXLNEDUHUHVXOWDWHQRSFIKHWYHUEDQGWXVVHQGHLQWHQVLWHLWYDQKHWERGHPJHEUXLNHQGH NZDOLWHLWYDQKHWERGHPHFRV\VWHHP ILJXXU
(223) ,QSDVVLQJYDQGLWW\SHHFRORJLVFKHDVSHFWHQLQ KHWERGHPEHOHLGNDQGXVPHWHHQUHODWLHI WRYWRHSDVVLQJDELRWLVFKHJHJHYHQV
(224) JHULQJH LQVSDQQLQJSODDWVYLQGHQ 'HKXLGLJHLQVSDQQLQJHQPHWKHWERGHPELRORJLVFKHLQGLFDWRUV\VWHHPPRHWHQJH]LHQZRUGHQ DOVHHQHHUVWHDDQ]HW+HWSURMHFWLVEHGRHOGRPHUYDULQJRSWHGRHQPHWKHWRSURXWLQHPDWLJH EDVLVJHQHUHUHQYDQERGHPELRORJLVFKHLQIRUPDWLHHQPHWSRWHQWLsOH EHOHLGV
(225) WRHSDVVLQJHQ HUYDQ9RRUHHQYROOHGLJHLPSOHPHQWDWLHYDQERGHPHFRORJLVFKHDVSHFWHQLQHHQJHwQWHJUHHUG ERGHPEHOHLGRSEDVLVYDQERGHPELRORJLVFKHJHJHYHQV QDDVWDELRWLVFKHJHJHYHQV
(226) GLHQHQGH PHHWLQVSDQQLQJHQHQGHNHQQLVLQWHJUDWLHJHwQWHQVLYHHUGWHZRUGHQ7RWQXWRHZDVKHW DJUDULVFKHERGHPJHEUXLNKHWEHODQJULMNVWHDDQGDFKWSXQWHQZHUGHUJHHQVSHFLDOHDDQGDFKW DDQPLOLHXGUXNJHVFKRQNHQ$QGHUHW\SHQERGHPJHEUXLN]RDOVZRQHQUHFUHDWLHIJURHQHQ QDWXXUHQJHwQWHJUHHUGHPLOLHXGUXN JHwQWHJUHHUGH9WKHPD¶V
(227) GLHQHQWHYHQVDDQERGWH NRPHQ 2QGHUVWHXQLQJYDQKHWELRGLYHUVLWHLWVEHOHLGLVGHDQGHUHUROYDQERGHPELRORJLVFKHPHWLQJHQ LQKHW/0%%LMGHPRQGLDOHGRHOVWHOOLQJHQDDQJDDQGHELRGLYHUVLWHLWVEHOHLGZRUGWYHHO QDGUXNJHOHJGRSGHEHVFKHUPLQJYDQGHGLHUHQHQSODQWHQ)XQFWLRQHOHGLYHUVLWHLWHQ GXXU]DDPJHEUXLNYDQHFRV\VWHPHQNUHHJWRWQXWRHZHLQLJDDQGDFKW'H%R%,LQKHW/0%.
(228) 5,90UDSSRUW. SDJYDQ. VSHHOWKLHUELMHHQGXLGHOLMNUROHQGH]H]DOLQGHQDELMHWRHNRPVWLQGHLQWHUQDWLRQDOHFRQWH[W XLWEUHLGZRUGHQ. $DQEHYHOLQJHQ +HWWUDMHFWRPWHNRPHQWRWEHOHLGVYHUQLHXZLQJYRRUKHWFRPSDUWLPHQWERGHPPHWDOV YHUWUHNSXQWPDDWVFKDSSHOLMNGXXU]DDPJHEUXLNYDQGHERGHPHQQLHWPHHUGHDI]RQGHUOLMNH PLOLHXWKHPD¶VLVNRUWJHOHGHQLQJH]HW+HW103
(229) YRRU]LHWLQDDQNQRSLQJVSXQWHQYRRU LQEHGGLQJYDQHFRORJLVFKHDVSHFWHQLQKHWWRHNRPVWLJHJHwQWHJUHHUGHERGHPEHOHLG'H%R%, NDQELMGUDJHQDDQGH]HRQWZLNNHOLQJYROJHQVHHQVWDSSHQSODQ 5XWJHUVHWDO
GERELATEERDE DOCUMENTEN
Door KTZ/USD (2002) wordt de mogelijkheid geopperd dat deze cocktail-partijen verzonden worden vanuit depots, waarin drugs aanwezig zijn die hun oorsprong zouden hebben
Komen school en ouders overeen welke aanpassingen gewenst en redelijk zijn, dan is het voortzetten daarvan als het kind naar een volgend leerjaar of een nieuwe klasgroep gaat
Zij waren, naar zijn idee, vaak persoonlijk gemotiveerd voor het project, maar hebben binnen het eigen korps vaak weinig mandaat en wisten bij de bureaus
Het grootste deel van de hulpvragen die niet in behandeling zijn genomen, is afkomstig van pleeggezinnen en heeft betrekking op meningsverschillen tussen de
Als voorwaarden zijn gesteld dat alleen leerlingen in aanmerking komen voor de taalklas als zij een taalachterstand hebben als gevolg van een cultuurprobleem, de
Er is geïnventariseerd of mensen voldoende op de hoogte zijn van instanties die verschillende vormen van tijdsbesteding aanbieden of kunnen helpen bij het uitbreiden van de
Meerdere partners (waaronder veel actieve leden) binnen de Stuur- en Regiegroep geven aan dat enkele gevoelige projecten in een spannende fase zijn beland, omdat
In deze tussentijdse evaluatie wordt u geïnformeerd over de inzet van de regiecentrale, de evaluatie inzet doelgroepenvervoer in de periode augustus 2019 t/m januari 2020 en de bonus
