Acting under Chapter VII of the United Nations Charter, the Council extended the Oil-for-Food Programme for 150 days beginning at 00:01 EST on 4 July 2001. 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.[2] The Secretary-General Kofi Annan was requested to ensure the effective implementation of the current resolution and report within 90 days.