Acting under Chapter VII of the United Nations Charter, the Council extended the Oil-for-Food Programme for an additional six-month period beginning at 00:01 EST on 6 December 2000. The proceeds of the oil sales and other financial transactions would be allocated on a priority basis in the context of Secretariat activities, of which 13% would be used for purposes referred to in Resolution 986. The Council would consider allowing US$15 million to be withdrawn from the escrow account to be used for the payment of arrears in Iraq's contribution to the United Nations budget.