970 OfficialJournaloftheEuropeanCommunities
31.12.70 OfficialJournaloftheEuropeanCommunities NoL285/63
REGULATION (EEC)No2697/70OFTHECOMMISSION
of29December1970
ontheprocedureformakingCommunityfundsavailabletoMemberStatesunderthe
GuaranteeSectionoftheEAGGF
oftheCommunityfunds,theMemberStatesmust
transmittoiteachmonthanapplicationrelatingto
financialrequirementsandaccompanied ,inrespectof
eachdisbursingauthorityandagency,bystatements
ofthecashposition,expenditureeffectedand
expenditureestimatesforthreemonths;
WhereasthefundsmadeavailabletoMemberStates
mustcovertheactualcashrequirementsofatleast
onemonth;
Whereas,althoughaggregatesumsaremadeavailable
toMemberStateseachmonth,aMemberStatemay
experiencecashdifficultiesbecauseexpenditureis
runningatahigherratethanthatinitiallyprovided
for;
Whereasprovisionshouldconsequentlybemadefor
thepossibilityofspecialadvanceswhichwillbe
deductedfromthenextmonthlyadvance;
WhereasthefollowingRegulationscontainspecial
provisionsinrespectofthefinancingofexpenditure
byinterventionagenciesonthebuyinginofproducts
andonsubsequentoperations :CouncilRegulation
(EEC)No786/692of22April1969onthefinancing
ofinterventionexpenditureinrespectoftheinternal
marketinoilsandfats;CouncilRegulation (EEC)
No787/69®of22April1969onthefinancingof­
interventionexpenditureinrespectoftheinternal
marketincerealsandrice;CouncilRegulation '(EEC)
No788/694of22April1969onthefinancingof
interventionexpenditureinrespectoftheinternal
marketinpigmeat;CouncilRegulation (EEC)No
2334/695of25November1969onthefinancingofTHECOMMISSION OFTHE.EUROPEAN COM­
MUNITIES ,
HavingregardtotheTreatyestablishing ,the
EuropeanEconomicCommunity ;
HavingregardtoCouncilRegulation (EEC)No
729/701of21April1970onthefinancingofthe
common,agriculturalpolicy,andinparticular
Articles4and5thereof;
WhereasArticle4(2)ofRegulation (EEC)No729/70
providesformakingavailabletoMemberStatesthe
fundsneededforpaymentsundertheGuarantee
SectionoftheEuropeanAgriculturalGuidanceand
GuaranteeFund;whereasthebestwaytooperatethe
newfinancingsystemwillbetomakeCommunity
fundsavailabletoeachMemberStatebytransfersto
itsaccount;
Whereas,havingregardinparticulartothe-lar-ge
numberofdisbursingauthoritiesandagencies,the
bestwaytoadministertheCommunityfundsisto
maketheindividualMemberStatesresponsiblefor
theirdistributionamongsuchauthoritiesand
agencies;
Whereas,however,theCommission mustbe
informedatregularintervalsofthemovementof
funds; ,
Whereas,inordertoknowexactlyhowthe
Communityfundsareused,itisindispensablethat
eachdisbursingauthorityandagencyshouldkeep
accountsdevotedexclusivelytothesefundsandto
theiruse;
Whereas,inordertoensurethattheCommissioncan
assessfinancialrequirementsandknowtherateofuse
2OJNoL105,2.5.1969,p.1.
3OJN0LIO5 ,2.5.1969,p.4.
OJNoL94,28.4.1970,p.13.4OJNoL105,2.5.1969,p.7.
8OJNoL298,27.11.1969,p.1.

OfficialJournaloftheEuropeanCommunities 971
availabletoitunderArticle1(1)andtotheusemade
ofthosefunds.
Article3interventionexpenditurein.respectoftheinternal
marketinsugar;CouncilRegulation (EEC)No
2305/701of10November1970onthefinancingof
interventionexpenditureinrespectoftheinternal
marketinbeefandvealandCouncilRegulation
(EEC)No2306/702of10November1970onthe
financingofinterventionexpenditureinrespectofthe
internalmarketinmilkandmilkproducts;
Whereasthestatementsofexpenditureeffectedand
ofestimatedexpendituremustcoverthevariouscost
categories,itbeingunderstoodthatcorrectionswill
bemadeonthebasisoftheaccountswhichthe
MemberStateswilltransmitatregularintervals;
WhereastheEAGGFCommitteehasnotdeliveredan
OpinionwithinthetimelimitsetbyitsChairman;1.Notlaterthanthe20thofeachmonththe
MemberStatesshallforwardtotheCommission ,in
triplicate,anapplicationconcerningthefinancial
requirementsofdisbursingauthoritiesandagencies.
2.Anapplicationwithinthemeaningofparagraph
1shallbeaccompaniedbysupportingstatementsfor
eachdisbursingauthorityandagencydrawnupin
accordancewiththeAnnexestothisRegulationand
comprising :
(a)astatementofthecashpositionattheendofthe
precedingmonth(AnnexI);
(b)astatementofexpenditure,brokendown
accordingtotheitemsofthebudgetofthe
EuropeanCommunitiesandaccordingtotypesof
expenditure (AnnexII),showing:
—theexpenditureinthemonthprecedingthat
inwhichtheapplicationwithinthemeaning
ofparagraph1ismade,
—theexpenditureestimateforthecurrent
monthandforthetwofollowingmonths.HASADOPTED THISREGULATION :
Article1
Article41.TheCommission,afterdecidingonadvancesin
accordancewithArticle5(2)ofRegulation (EEC)
No729/70,shallmakeavailabletoMemberStates,
withinthelimitofthebudgetcredits,"thefunds
neededforpaymentbythedisbursingauthoritiesand
agenciesofexpenditurefinancedbytheGuarantee
SectionoftheEAGGF.Anaccountshallbeopened
forthispurposebyeachMemberStateatthe
Treasuryoranotherfinancialinstitution .
2.Thenameandnumberofthoseaccountsshall
becommunicated totheCommissionbytheMember
Statesatthedateofentryintoforceofthis
Regulation .
3.EachMemberStateshallensurethatthe
Communityfundsareproperlymanagedandshall
distributethemamongthedisbursingauthoritiesand
agenciesinsucha-mannerastoallowasimilarrate
ofpaymentforalltheexpenditurefinancedbythe
GuaranteeSectionoftheEAGGF.
4.Onthefirstworkingdayofeachweek,Member
StatesshallforwardtotheCommissionbytelexa
statementshowingchangesintheaccountreferredto
inparagraph1andspecifyingtheamountsinvolved
andtheauthoritiesandagenciesreceivingthem.1.Onthebasisofapplicationswithinthemeaning
ofArticle3(1),andnotlaterthanonemonthafter
receiptthereof,theCommission shalldecideon
additionalpaymentsinaccordancewiththesecond
indentofArticle5(2)(a)ofRegulation (EEC)No
729/70.
Thosepaymentsshallbecalculatedinsuchaway
thattheyarelargeenoughtocoverexpendituretobe
bornebytheauthoritiesandagenciesuntiltheendof
thequarterreferredtointhesecondindentofArticle
3(2)(b).
2.Theadditionalpaymentsdecidedunder
paragraph1shallbemadebytheCommissionwithin
threedaysofitsdecision.
Article2
Article5
Eachdisbursingauthorityandagencyshallkeep
accountsdevotedexclusivelytothefundsmade1.WherefundsmadeavailabletoaMemberState
areliabletobeexhaustedbeforethedatelaiddown
forthenextpayment,thatMemberStateshallnotify
theCommissionandwherenecessaryapplyfora
specialadvancespecifyingthegroundstherefor.1OJNoL249,17.11.1970,p.1.
2OJNoL249,17.11.1970,p.4.

972 OfficialJournaloftheEuropeanCommunities
2.Onthebasis'ofthenotificationreferredtoin
paragraph1,theCommissionmaymakeaspecial
advanceofwhichaccountshallbetakenwhenthe
nextadvanceisdecided.TheCommissionshallnotify
theMemberStateconcernedbytelexofitsdecision.
Article63.Onthebasisoftheaccountsreceivedunder
paragraph2,andwithoutprejudicetotheverification
andapprovalreferredtoinArticle5(2)(b)of
Regulation (EEC)No729/70,theCommissionshall
determinetheamountofthenetlossessustainedby
eachauthorityandagencyintheyearjustended.
4.Anydifferencebetweentheamountdetermined
underparagraph3andthatenteredasthe
expenditureuptilltheendofDecemberwhichisa
netlossshallbetakenintoaccountbythe
Commission whenitmakesitsfirstdecisionon
advancesafterthedetermination oftheamounts
referredtoinparagraph3.1.TheexpenditurereferredtoinArticle2(c)of
Regulation (EEC)No786/69,Article2(a)of
Regulation (EEC)No787/69,Article2(b)of
Regulation (EEC)No788/69,Article2(b)of
RegulationNo2334/69,thefirstindentofArticle1
ofRegulation (EEC)No2305/70andArticlfe3(1)of
Regulation (EEC)No2306/70mustbebrokendown
inatableconformingtoAnnexIIbythevariouscost
categorieslistedinthoseRegulations .
2.MemberStatesshallforwardtotheCommission
theaccountsbyproductandsectordrawnupunder
theRegulationsreferredtoinparagraph1within
threemonthsoftheclosingdatelaiddownforthose
accountsunderArticle3of.Regulation (EEC)No
729/70.Article7
Notlaterthanoneyearafterthedatewhenthis
Regulationisapplied,theCommissionshallexamine
itsimplementation andwherenecessaryshalldecide,
afterconsultationwiththeEAGGFCommittee,on
alterationswhich.,experiencehasshowntobe
necessary .
ThisRegulationshallbebindinginitsentiretyanddirectlyapplicableinallMember
States.
DoneatBrussels,29December1970.
FortheCommission
ThePresident
FrancoM.MALFATTI

OfficialJournaloftheEuropeanCommunities 973
ANNEX 1
toCommissionRegulation (EEC)No2697/70of29December1970ontheprocedureformaking
CommunityfundsavailabletoMemberStatesundertheGuaranteeSectionoftheEAGGF
MEMBERSTATE
AUTHORITY ORAGENCY
Statementofcashpositionon
A.Liquidassets
1.Liquidassetson
2.Paymentsreceived
3.OtherreceiptsfortheaccountoftheCommunity
TotalA
B.Expenditure
Expenditureinthemonthof
chargeabletoEAGGF(Guarantee)
TotalB
C.Balance
Availableon A—B
Date,stampandsignatureoftheauthorityoragency
1Detailstobeannexed.
2ItemisedinAnnexIT,column(a).

974 OfficialJournaloftheEuropeanCommunities
ANNEXII
toCommissionRegulation (EEC)No2697/70of29December1970ontheprocedureformaking
CommunityfundsavailabletoMemberStatesundertheGuaranteeSectionoftheEAGGF
MEMBERSTATE
AUTHORITY ORAGENCY
Statementofexpenditureandestimateoffinancialrequirements
toBudget
TypeofexpenditureExpenditure
inmonthof
(a)Expenditure
fromEstimateoffuture
expenditure
Chap.Art.to
(b)1
I(c)2(d)3(e)4
carriedover
Totalorsumstobecarried
over
Date,stampandsignatureoftheauthorityoragency
1Cumulativeexpenditurefrom1January,orfromthedateofapplicationofArticles4and5ofRegulation (EEC)
No729/70,totheendofthemonthofcolumn(a).
2Estimateofexpenditureinthemonthimmediatelyafterthemonthofcolumn(a).
3Estimateofexpenditureinthesecondmonthafterthemonthof'column(a).
4Estimateofexpenditureinthethirdmonthafterthemonthofcolumn(a).