24.1.73 OfficialJournaloftheEuropeanCommunities NoL19/11
II
(Actswhosepublicationisnotobligatory)
COUNCIL
FINANCIAL REGULATION
of18January1973
onspecialprovisionstomeetthecashrequirementsoftheCommunitieswithinthe
frameworkofbudgetaryexpenditure
(73/4/ECSC,EEC,Euratom)
HASADOPTEDTHISFINANCIAL REGULATION :
Article1
1.EachMemberStateshallpay'ownresources'
whichareactuallyestablishedattheleveloftheper­
centagelaiddown,forthefinancialyearinquestion,
inArticle3(1),fourthparagraph,oftheDecisionof
21April1970.
MemberStates,however,whichinaccordancewith
theestimatesenteredinthebudgetdonothaveto
payfinancialcontributions shallpaymonthly,as
ownresources,anamountcorresponding totherela­
tiveshareappliedtothecashrequirementsreferred
toinparagraph2.Theadoptionofthesupplemen­
taryoramendingbudgetshallentail,whereappro­
priate,theamendmentofthatrelativeshare.
2.Thecashrequirements ,assessedmonthly,shall
bemetbytheMemberStatesinproportionwiththe
relativesharelaiddowninthebudgetforeachof
them.
3.'EachMemberStateshalldeductfromthesum
thusrequiredofittheamountofownresourcesto
bepaidduringthesamemonthinaccordancewith
paragraph1.THECOUNCILOFTHEEUROPEAN
COMMUNITIES ,.
HavingregardtotheTreatyestablishingtheEuro­
peanCoalandSteelCommunity ,andinparticular
Article78fthereof;
HavingregardtotheTreatyestablishingtheEuro­
peanEconomicCommunity ,andinparticularArt­
icle209thereof;
HavingregardtotheTreatyestablishingtheEuro­
peanAtomicEnergyCommunity ,andinparticular
Article183thereof;
HavingregardtotheproposalfromtheCommis­
sion;
Whereasaftertheentryintoforceoftheprovisions
oftheDecisionof21April1970(*)onthereplace­
mentofiinancialcontributions fromMemberStates
bytheCommunities'ownresourcesandalsoofReg­
ulationNo2-71(2)implementingthatDecision,itis
necessarytolaydownprovisionstomeet,inan
adequatemanner,theestimatedcashrequirements
oftheCommunities bythepaymentof'ownre­
sources'andcontributions fromMemberStatesinac­
cordancewithatimetableadaptedtothoserequir­
ments;
Whereassuchprovisionsareallthemoreurgentbe­
cause,asfrom1January1973,thefinancialrequire­
mentsoftheenlargedCommunitieshavetobemet;Article2
Whentheaccountsareclosedforeachfinancial
year,theCommissionshalldrawupatableof
amountspaidshowingthedifferencebetweenthe
amountactuallypaidbytheMemberStatesandthat
whichtheyshouldhavepaidinaccordancewiththe
accountforrevenueandexpenditureforthefinan­
cialyearinquestion.OJNoL94,28.4.1970,p.19.
(2)OJNoL3,5.1.1971,p.1.

NoL19/12 OfficialJournaloftheEuropeanCommunities 24.1.73
—Totheextentof7/12notlaterthan15January;
—thebalancenotlaterthan15July.
Thesedifferentpaymentsshallbeenteredina
special'contributions 'accountopenedbyeachMem­
berStatewithabodywhichitshallspecify.
Anydelayinenteringinthisaccounttheamounts
duepursuanttoArticles1to4shallgiverisetopay­
mentbytheMemberStateconcerned 1ofinterest,
therateofwhichshallbeequaltothehighestdis­
countrateintheMemberStatesappliedonthedate
ofexpiry.Thatrateshallbeincreasedby0-25point
foreachmonthofdelay.Thetotalamountthusdeterminedshallberefunded
totheMemberStatesintheformofadeduction
fromthenextmonthlypaymenttobemade.
Ifnecessaryanduptoamaximumamountof400
millionunitsofaccounttheMemberStatesshall,at
therequestoftheCommission ,simultaneously place
atthedisposaloftheCommissionthetotalamount
referredtointhesecondsubparagraph .Inthatcase,
thefinancialcontributions fromMemberStatesshall
beapportionedasfollows:
—forthenewMemberStates,inaccordancewith
thepercentagelaiddowninArticle129ofthe
AccessionTreaty(x)takingintoaccountthe
abatementsprovidedforinArticle130thereof;
—fortheotherMemberStates,andinorderto
coverthebalance,inaccordancewiththepercen­
tagescalelaiddowninArticle3(2)oftheDeci­
sionof21April,1970.
Iftheoverallamountreferredtoaboveexceeds400
millionunitsofaccountthatexcessisthenincluded
inthecashneedsoftheCommission .
Theamountsthusdeterminedshallbechargedin
thenextmonthlypaymenttobemade.Article5
Fourtimesayear,theCommissionshallsubmita
reporttotheCouncilontheimplementation ofthe
budget.Thatreportshallmakeitpossibletoexam­
inethecashbalanceoftheCommunities andsee
whetheritmatchescurrentrequirements .
Article6
PaymentsprovidedforintheprecedingArticles
shallbemadeinnationalcurrencies ;theyshallbe
calculatedonthebasisoftheparitydeclaredtothe
InternationalMonetaryFundinforceonthedayof
payment .
Article3Article7
IfwhentheCommissioncallsforfundsthebudget
hasstillnotbeenadopted,therelativesharetaken
asreferencefordeterminingthecontributionofeach
MemberStateinaccordancewithArticle1(2)shall
bethatofthedraftorpreliminarydraftbudget
underconsideration .ThenotificationprovidedforinArticle4(1)shallbe
madeforthefirsttimeon20January1973.Thecor­
respondingpaymentsotherthan'ownresources'
shallbemadebyeachMemberStateon5February
atthelatest.
Article8
Article4 ThisfinancialRegulationshallenterintoforceon
thedayfollowingitspublicationintheOfficial
JournaloftheEuropeanCommunities .
Itshallbeapplicableuntil30April1973.
DoneatBrussels,18January1973.1.TheCommissionshall,notlaterthanthefirst
ofthemonthprecedingthattowhichtheestimate
refers,informeachMemberStateofthecashrequire­
mentsreferredtoinArticle1(2).
2.Thecorresponding paymentsotherthanown
resourcesshallbemadebyeachMemberStatenot
laterthantheendofeachmonth.
However,thecontributionsunderChapter51ofthe
revenueoftheBudgetNomenclature shallbepaid:FortheCouncil
ThePresident
Th.LEFEVRE
(x)OJSpecialEdition,27.3.1972,p.5.