11.3.93 OfficialJournaloftheEuropeanCommunities NoC68/13
—aheadingtoaccommodatetherepayment
tothebudgetofanyGuaranteeFund
surplusinaccordancewithArticle14of
Decision ...[concerningbudgetary
discipline];
(b)intheCommissionsectionofthestatementof
expenditure :
—theheadingintendedfortheendowment
oftheGuaranteeFundinaccordancewith
theprovisionscontainedinArticles2and
4ofRegulation(EEC,Euratom)No...
[establishingtheGuaranteeFund].GuaranteeFundshallmakepaymentsdirectto
lendersintheeventthatloanrecipientsdefault.
Inordertorecordtheseoperationsinthegeneral
budget,whichprovidestheguaranteeoftheir
performance ,thefollowingprocedureshallapply:
—theamountpaidbytheGuaranteeFundshallbe
recordedbytheissueofarecoveryorderwithin
sevenworkingdaysfortheheadingspecifically
enteredforthispurposeinthestatementof
revenueinaccordancewithArticle20(6);
—atthesametimeasthisentryinthestatementof
revenue,anappropriation ofthesameamount
shallbeenteredunderthecorresponding heading
inthestatementofexpenditure—carryinga
tokenentryinaccordancewithArticle20(5)(b)
—torecordtheexpenditureeffected,in
accordancewiththerelevantprovisionsinPartI
ofSectionIIIofTitleIII.'(**)OJNoL..
3.Thefollowingparagraph11isaddedtoArticle26:
'11.Decisionsontransferstoallowtheutilization
ofthereservetoguaranteeCommunityloansand
loanguaranteestonon-membercountriesandin
thosecountriesandthereserveforemergencyaid
shallbetakenbythebudgetaryauthorityin
accordancewithparagraph5.'
4.ThefollowingTitleXaisinserted:
'TITLEXa
Specialprovisionsapplicabletotherecordinginthe
generalbudgetofrepaymentsmadedirectbythe
GuaranteeFund
Article123a
InaccordancewithArticle1ofRegulation(EEC,
Euratom)N°...[settinguptheGuaranteeFund],theArticle2
ThisRegulationshallenterintoforceontheseventhday
followingthatofitspublicationintheOfficialJournalof
theEuropeanCommunities .
Itshallapplyfrom...
ThisRegulationshallbebindinginitsentiretyand
directlyapplicableinallMemberStates.
ProposalforaCouncilRegulation(EEC,Euratom)amendingRegulation(EEC,Euratom)No
1552/89implementingDecision88/376/EC,EuratomonthesystemoftheCommunities'own
resources
(93/C68/10)
COM(93)20final
(SubmittedbytheCommissionon17February1993)
THECOUNCILOFTHEEUROPEANCOMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity ,andinparticularArticle209
thereof,
HavingregardtotheTreatyestablishingtheEuropean
AtomicEnergyCommunity ,andinparticularArticle183
thereof,Communities'ownresources('),andinparticularArticle
8(2)thereof,
HavingregardtotheproposalfromtheCommission ,
HavingregardtotheopinionoftheEuropean
Parliament,
HavingregardtotheopinionoftheCourtofAuditors,
HavingregardtoCouncilDecision88/376/EEC,
Euratomof24June1988onthesystemofthe0)OJNoL185,15.7.1988,p.24.

NoC68/14 OfficialJournaloftheEuropeanCommunities 11.3.93
case,theentryshallbemadeonthefirstworkingday
ofthesecondmonthaftercharging.
Theentryinrespectofthereservetoguarantee
Community loansandloanguaranteesto
non-member countriesandinthosecountriesandthe
reserveforemergencyaidestablishedbyCouncil
Decision ...[concerningbudgetarydiscipline](*)
shallbemadeonthefirstworkingdayofthesecond
monthfollowingthechargingtothebudgetofthe
expenditureconcernedandshallbelimitedtothe
saidexpenditure .
BywayofderogationfromArticle5oftheFinancial
Regulation,theseentriesshallbetakenintoaccount
inthefinancielyeartowhichtheyrelate.
However,ifthesituationasregardstheimplemen­
tationofthebudgetfortheyearissuchthatthe
entriesrelatingtotheEAGGFmonetaryreserveand
thereserveforemergencyaidarenotnecessaryto
achieveabalancebetweenrevenueandexpenditure
fortheyear,theCommissionmaydecidetodispense
withtheseentriesorpartoftheseentries.Whereasadditionalrulesneedtobelaiddowngoverning
thearrangementswherebyMemberStatesmakeavailable
totheCommissiontheownresourcesassignedtothe
Communities ;
WhereasCouncilDecision...of...concerning
budgetarydisciplineprovidesfortheentryinthegeneral
budgetoftheEuropeanCommunitiesofareserveto
guaranteeCommunityloansandloanguaranteesto
non-member countriesandinthosecountriesanda
reserveforemergencyaid;
WhereasrulesneedtobeaddedtoCouncilRegulation
(EEC,Euratom)No1552/89(l),aslastamendedby
Regulation(EEC,Euratom)No...of...,tocoverthe
operationofthesereserves,
HASADOPTEDTHISREGULATION :
Article1
ThesecondsubparagraphofArticle10(3)ofRegulation
(EEC,Euratom)No1552/89isherebyreplacedbythe
following :
'TheentryinrespectoftheEAGGFmonetary
reservereferredtoinArticle6ofDecision
88/376/EEC,Euratomshallbemadeonthefirst
workingdayofthemonthfollowingthechargingto
thebudgetoftheexpenditureconcernedandshallbe
limitedtothesaidexpenditureifchargingiseffected
beforethe16thdayofthemonth.Ifsuchisnotthe(*)OJNoL...'.
Article2
ThisRegulationshallenterintoforceontheseventhday
followingthatofitspublicationintheOfficialJournalof
theEuropeanCommunities .
Itshallapplyfrom...1993.
ThisRegulationshallbebindinginitsentiretyand
directlyapplicableinallMemberStates. (')OJNoL155,7.6.1989,p.1.