ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(73)206
Vol.1973/0033

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COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(73)206final
Brussels.14February1973
PROPOSALFORAREGULATION
OFTHECOUNCIL
concerninginterestonsumspaidoutoftheEAGGF
andbywayoffoodaidwhicharerecoverable
(submittedtotheCouncilbytheCommission)
/
COM(73)206final

EXPLANATORY MEMORANDUM
1.Inacertain number oftexts concerning interventions bythe
EAGGF ,andinparticular inArticle 8ofRegulation (EEC )
N°729/70onthefinancing ofthecommon agricultural policy ,
provision ismade fortherecovery ofsums paid tobeneficiaries .
2.Beneficiaries should not ,during theperiod between thetime
ofpayment and ofrecovery ,beenabled touse fortheir owngain
theamounts paid tothem .Acertain amount ofincome could be
derived from such sums when placed short term .
3.Inthese circumstances ,itisproposed that interest beadded to
sums recovered ,such interest being calculated from the date on
which those sums were paid tothebeneficiary .Detailed rules
relating tothis provision ,anainparticular themethod offixing
the rate ofinterest ,will beadopted bytheCommission after
receiving the Opinion ofthe Committee oftheEAGGF .
k.Itwould bereasonable not tocharge such interest incases where
Community provisions already provide foranincrease orwhere the
reason forrecovery isattributable totheCommunity ortothe
Member State concerned .
5.Theinterest charge should beapplied inall cases where recovery
takes place ofsums paid after theentry into force ofthe
proposed Regulation .

PROPOSAL FOR AREGULATION
OFTHE COUNCIL
concerning interest onsums paid out oftheEAGGF
and byway -offood aid which are recoverable
THE COUNCIL OFTHE EUROPEAN COMMUNITIES ,
;Having regard totheTreaty establishing theEuropean Economic
Community ,andinparticular Articles ^3a*id209thereof ;
/
.Having regard totheproposal from theCommission ;
Having regard totheOpinion ofthe Eiiropfean -Parliament ;
Whereas Community rules provide fortherecovery ofsums paid within
the framework ofexpenditurg .financed inwhole orinpart outofthe
EAGGF orbyway offood aid ,whether the grounds forrecovery are
:irregularity ornegligence or,otherwise ,failure tocomply with
commitments undertaken ;whereas interest calculated according to
Community criteria should beadded tosuch amounts asfrom the date
onwhich they arepaid ;whereas inthis context theaddition of
interest should atCommunity level belimited tocases where recovery
isnotattributable totheCommunity ortotheMember State concerned ;
HAS ADOPTED THIS REGULATION :'
Article 1
1.Interest shall bepayable onsums toberecovered from beneficiaries
inrespect ofexpenditure financed inwhole orinpart bythe
EAGGF orbyway offood aid ,from thedate ofpayment ofthose
sums tothe beneficiary ,where thereason forrecovery isnot
attributable totheCommunity ortotheMember State concerned .

Where the amount ofsuch interest iscollected bytheMember
State ,itshall bepaid bythelatter totheCommunity inthe
proportion inwhich theCommunity financed theexpenditure in
question and inaccordance with therules applicable to
repayment ofsums recovered inrespect ofsuch expenditure#
2.The foregoing provisions shall notapply incases where
Community provisions already provide forsums recoverable tobe
increased ,
3>»Thedetailed rules forapplying this Article shall beadopted
inaccordance with theprocedure provided forinArticle 13
ofCouncil Regulation (EEC )N°729/70 (1)onthefinancing of
theoommon agricultural policy .
Article 2
Theprovisions ofArticle 1shall apply tosums paid tobeneficiaries
after the entry into force ofthis Regulation .
This Regulation shall bebinding initsentirety anddirectly
applicable inallMember States .
Done atBrussels t 19 •
For the Council
The President
(1)OJN®L9^»28April 1970 ,p.13