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Yesterday the Swiss National Science Foundation (SNF) announced an OA mandate to take effect on September 1, Open Access: Der SNF erlässt Weisung für die Umsetzung. Read the announcement in German or in Google's English. (Thanks to Susanne Göttker.)
The policy requires OA archiving for the results of SNF-funded research. Grantees may deposit their work in institutional or disciplinary repositories, and must apparently respect any embargo imposed by their publisher. The SNF does not have its own repository and does not apparently plan to launch one.
The SNF encourages without requiring publication in an OA journal, and at least sometimes will pay the publication fees at fee-based OA journals.
Update (8/11/07). Klaus Graf sends this addition and clarification: "In a nut-shell: Established embargos have to be respected. If no such embargo exists SNF will accept TA-only if the author has tried to get OA rights." (Thanks, Klaus.)