OfficialJournaloftheEuropeanCommunities 3
27.2.64 OFFICIALJOURNALOFTHEEUROPEAN COMMUNITIES 599/64
FINANCIAL REGULATION OFTHECOUNCIL
of5February1964
ontheEuropeanAgriculturalGuidanceandGuaranteeFund
(64/127/EEC)
TITLEI
Generalprovisions
Article1
SubjecttothespecialprovisionslaiddowninthisRegu­
lation,thegeneralprovisionsofthefinancialregulations
adoptedinpursuanceofArticle209oftheTreatyshall
applytotheEuropeanAgriculturalGuidanceandGuar­
anteeFund(hereinaftercalledthe'Fund').
TITLEII
EntryofassetsintheBudget
,.Article2THECOUNCILOFTHEEUROPEAN ECONOMIC
COMMUNITY ,
HavingregardtotheTr-eatyestablishingtheEuropean
EconomicCommunity,andinparticularArticle209
thereof;
HavingregardtoCouncilRegulationNo251onthe
financingofthecommonagriculturalpolicy;
HavingregardtoCouncilRegulationNo17/64/EEC2
ontheconditionsforgrantingaidfromtheEuropean
AgriculturalGuidanceandGuaranteeFund;
HavingregardtotheproposalfromtheCommission;
HavingregardtotheOpinionoftheEuropean
Parliament 3;
HavingregardtotheOpinionoftheEconomicand
SocialCommittee ;
WhereasunderArticle1ofRegulationNo25onthe
financingofthecommonagriculturalpolicy,theEuro­
peanAgriculturalGuidance,andGuaranteeFundforms
partoftheCommunitybudget;
Whereas,inordertoenabletheEuropeanAgricultural
GuidanceandGuaranteeFundtofulfilitstask,detailed
financialandbudgetaryrulesgoverningitsactivities
shouldbelaiddown;
WhereastheEuropeanAgriculturalGuidanceandGuar­
anteeFundismadeupoftwosectionswithdifferent
spheresofapplication,whichincertaincasesrequire
specificfinancialprovisions;
Whereasthenumberandimportanceofthosefinancial
andbudgetaryprovisionsrequirethattheybegrouped
togetherinaspecialFinancialRegulationfortheEuro­
peanAgriculturalGuidanceandGuaranteeFund,1.TheexpenditureoftheFundshallformaspecialsec­
tionwithintheCommunity 1Budget.Thissectionshallbe
dividedasfollows: '
(a)forexpenditurerelatingtorefundsonexportstothird
countries(GuaranteeSection):onechapterforeach
sectorofthecommonorganizationofthe^marketsto
whichRegulationNo25applies; ''
(b)forexpenditurerelatingtointerventionontheinter-:
nalmarket(GuaranteeSection):onechapterfor
eachsectorofthecommonorganizationofthemar­
ketstowhichRegulationNo25appliesinsofaras
suchinterventionsareprovidedforintherelevant
Regulations,eachchapterbeingsubdividedintotwo
items,oneforexpenditureinrespectofinterventions
whichhaveanaimandfunctionidenticalwiththose
>.ofrefundsandtheotherforotherinterventions on
>theinternalmarket;
(c)achapterforexpenditurerelatingtoaction'taken
withintheframeworkoftheGuidanceSection.
2.TheCommissionshall,before30June1966,submita
reportontheconclusionstobedrawnfromtheexperi­
encegainedinapplyingtheprovisionsofparagraph1(a)
and(b)ofthisArticle.Itshall,ifnecessary,.makepro­
posalsforamendingthoseprovisions.HASADOPTEDTHISFINANCIAL REGULATION :
1OJNo30,20.4.1962,p.991/62.
2OJNo34,27.2.1964,p.586/64.
3OJNo157,30.10.1963,p.2649/63.

4 OfficialJournaloftheEuropeanCommunities
Article317/64/EEContheconditionsforgrantingaidfromthe
EuropeanAgriculturalGuidanceandGuaranteeFund
havebeeneffected.
Article8TheCommissionshallsubmiteachyear,intheformof•
anAnnextothepreliminarydraftbudget,atableshow­
ingfortheGuidanceSection:
(a)thestateofcommitments andpaymentson31De­
cemberofthepreviousyearandon1Septemberof
thecurrentyear;
(b)duedatesforexpectedpaymentsuptotheendofthe
currentyear;
(c)estimatedpaymentsforsubsequentfinancialyear.1.Thefinancialcontributions asexpressedinunitsof
accountshallbeconvertedintonationalcurrencyand
creditedbyeachMemberStatetoaspecialaccount,
openedintheCommission'sname(EAGGF)withthe
TreasuryorotherbodyappointedbytheMemberState.
Suchaccountsshallbeseparatefromallotheraccounts
openedfortheCommissionunderbudgetaryprocedure.
2.Thecreditentriesshallbemadie:
(a)asregardstheGuaranteeSection,inaccordancewith.
Article11(1);Article4
(b)asregardstheGuidanceSection:1.AssetsshallbeenteredintheBudgetforthefirst
financialyearfollowingtheendofeachoftheFund's
accountingperiods.
Accountingperiodmeanstheperiodfrom1Julyto30
JunewhichservesasabasisforcalculationfortheGuar­
anteeSection.
Nevertheless,th'eaccountingperiodfor1962/63shall
runfrom30July1962to30June1963.
2.TheassetsenteredintheBudgetshallbeused:
(a)asregardstheGuaranteeSection,tomakeannual
refundstoMemberStatesforexpenditureeligiblein
respectofthepreviousaccountingperiod;
(b)asregardstheGuidanceSection,tofinancecommon
actioneligibleunderthatpartoftheFund.--inrespectofseven-twelfths oftheannualcontribu­
tion.before20Januaryorwithinthirtydaysof
thefinaladoptionoftheBudgetwheretheprovi­
sionsofArticle204oftheTreatyhavebeenim­
plemented:
-inrespectoftheremainingfive-twelfths ,on1July
oftheyearinquestion.
3.TheCommission shallmaintainanaccountatthe
bankofissueortherecognizedfinancialbodyofeach
MemberState,underthesameheadingasthatopenedin
pursuanceofparagraph 1.
Article5
TITLEIV
Commitments ,andassetscarriedforward
Article91.Assetsenteredinthepreliminarydraftbudgetshall
becalculatedonthebasisofdataavailableatthetimeit
isdrawnup,MemberStatesshallensurethattheCom­
missionhasthenecessarydataavailableattherequired
time.
2.TheCommissionmay,beforetheadoptionofthe
draftbudgetbytheCouncil,lodgeacorrigendumtaking
intoaccountanyadditionalinformationwhichitmay
haveobtained.
TITLEIII
Contributions fromMemberStates
Article61.DecisionstakenbytheCommissioninaccordance
withArticles10and21(1)ofRegulationNo17/64/
EEContheconditionsforgrantingaidfromtheEuro­
peanAgriculturalGuidanceandGuaranteeFundshall
constitutecommitmentsofexpenditure .
2.Bywayofderogation 'fromArticles6(1)(a)and(5)
oftheFinancialRegulationontheestablishment and
implementation oftheEECBudgetandontheresponsi­
bilityofauthorizingofficersand.accountingofficers,
assetsintheGuidanceSectionchapterwhichareneeded
tomeetcommitments enteredintobetween1January
and31Decembershallbecarriedforwardduringape­
riodoffiveyears.
Attheendofthatperiod,theCommissionmaysubmitto
theCouncileachyearbefore1Marchalistoftheassets
stillcommittedinrespectofwhichanapplicationhas
beenmade,withduecauseshown,thattheybecarried
forward.TheCouncilshalltakeitsdecisionbyaquali­
fiedmajoritywithinsixweeks;ifattheendofthattime
nodecisionhasbeentaken,thecarryingforwardshallbe
consideredtobeapproved.Thefinancialcontributions fromMemberStatesprovid­
edforinArticle7(1)ofRegulationNo25shallbeused
tocoverexpenditurebytheFund.
Article7
Ifnecessary,afreshapportionment offinancialcontribu­
tionsfromMemberStatestocoverFundexpenditure
shallbemadebymeansofarectifyingbudgetafterthe
calculationsprovidedforinArticle23ofRegulationNo

OfficialJournaloftheEuropeanCommunities 5
Article11 3.InrespectoftheGuidanceSectionchapter,theassets
whichareunusedon31Decembermaybecarriedfor­
wardonlyintothefollowingfinancialyear,inaccord­
ancewithArticle6(b)(1),(3)and(5)oftheFinancial
Regulationreferredtoinparagraph2ofthisArticle.
4.TheprovisionsoftheFinancialRegulationreferred
toinparagraph2shallapplytoassetsundertheGuaran­
teeSection.
5.Inimplementing theFundbudget,theuseofassets
carriedforwardshallbeshownseparatelyitembyitem
intheaccountforthecurrentfinancialyear.1.MemberStatesindebitshall,withinonemonthfrom
thedateofnotification,paytheamountforwhichthey
areliable.Thepaymentsshallbemadeintheirnational
currencyintotheaccountsopenedinaccordancewith
theprovisionsofArticle8(1).onthebasisoftheparity
inforceonthedateofpayment.
2.MemberStatesincreditshall,withintwomonths
fromthedateofnotification,receiveapaymentfromthe
Commissionmadeintheirnationalcurrencyonthe
basisofthepartyinforceonthedateofthesettlement
ofaccountsprovidedforinArticle10.
Article12
TITLEV
Reimbursement ofMemberStatesforexpenditureunder
theGuaranteeSection
Artiee10IftheparityofaMemberState'scurrencyaltersbetween
thedateofthesettlementofaccountsprovidedforin
Article10ofthisRegulationandthedateofpayment,
anysurplusintheaccountsopenedfortheFundinthe
Commission'snameshall,intheeventofdevaluation,be
apportionedamongstalltheMemberStatesaccordingto
thescaleforcalculatingcontributions whichhasbeen
adoptedforthefinancialyearinquestion,inaccordance
withArticle7(1)ofRegulationNo25;intheeventof
revaluation,eachMemberStateshallmakeacorrespond­
ingadditionalpaymentintotheaccountopenedforthe
FundintheCommission'sname.
TITLEVI
Finalprovision
Article131.Thesettlementofaccounts,thegrantingofauthority
topayandpaymentofexpensesrelatingtotheGuaran­
teeSectionshallbeeffectedonlyonceforeachaccount­
ingperiod.
TothisendtheCommission shall,inthenameofeach
MemberState,keepanaccountwhichshallbe:
-creditedwiththeamountstobereimbursedtothat
MemberStatepursuanttothedecisionstakeninac­
cordancewithArticle10ofRegulationNo17/64/
EEContheconditionsforgrantingaidfromtheEu­
ropeanAgriculturalGuidanceandGuaranteeFund,
-debitedwiththecontribution ofthatMemberState
calculatedonthebasisofthetotalamountofpay­
mentschargedtotheGuaranteeSectionoftheFund
inaccordancewithArticle7ofRegulationNo25.
2.Assoonastheoperationsprovidedforinparagraph
1havebeencarriedout,theCommission shallinform
eachMemberStateofthebalanceofitsaccount.
3.Theaccountsreferredtoinparagraph Ishallbekept
andadoptedinunitsofaccount.ThisRegulationshallenterintoforceonthedateof
entryintoforceofRegulationNo17/64/EEConthecon­
ditionsforgrantingaidfromtheEuropeanAgricultural
GuidanceandGuaranteeFund.
DoneatBrussels,5February 1964.
FortheCouncil
ThePresident
H.FAYAT