OfficialJournaloftheEuropeanCommunitiesNoC210/214.8.93
Article2
ThefacilityshallbeadministeredbytheEIBonbehalfof
theCommunity,whilstexercisingthesamediligenceas
fortheoperationscarriedoutwithitsownresources.
Themodalitiesconcerningtheimplementation ofthe
presentdecisionshallbesetoutinacooperation
agreementbetweentheCommissionandtheEIB.
Article3
TheCommission shallinformtheCouncilandthe
Parliamentannuallyontheimplementation ofthe
presentDecision,indicatingtheoverallutilizationofthe
SMEfacilityintheCommunityaswellastheimpacton
thecreationofemploymentandontheinterestratesfor
theinvestmentsbySMEscoveredbythefacility,onthe
basisofthenecessaryinformationmadeavailablebythe
EIB.Afirstreportshallbepresentedbefore10
December1993.HASDECIDEDASFOLLOWS :
Article1
TheCommunityshallprovidesubsidiesforthepurpose
ofloweringtheinterestrateonEIBloanstoSMEsinthe
CommunityuptoamaximumofECU400millionin
principal.TheseloansshallbeextendedbytheBank
underthetermsandconditionsapplyingtotheloans
stemmingfromthetemporaryfacility,whichwas
orginallyestablishedbytheBoardofGovernorsofthe
Bankon10February1993andfurtherextendedbythe
Boardon....Thebenefitofthesesubsidiesshallbe
restrictedtoinvestmentprojectsinvolvingthecreationof
employment .
TheCommunityinterestsubsidiesshallbefixedat300
basispointsandshallbeextendedtothebeneficiariesof
theloansforamaximumperiodoffiveyears.
ProposalforaCouncilDecisionempoweringtheCommissiontocontractborrowingsforthe
purposeofextendingloanstoMemberStatesunderthebridgingfacility
(93/C210/20)
COM(93)332final
(SubmittedbytheCommissionon9July1993)
thepromotionofeconomicgrowthandcompetitiveness
andthefightagainstunemployment ;
Whereasthebridgingfacilitywillcontributetoaccelerate
economicandsocialcohesionwithintheCommunity ;
Whereasimportantresourcescanbemobilizedfromthe
capitalmarketsforthepurposesstatedabove;
Whereasthisfacilitywillhaveaneconomiceffectgoing
farbeyonditsnominalsize;
Whereastheimplementation ofthebridgingfacility
shouldnotmodifyinanywaytheobjectivesandprin­
ciplesapplyingtotheStructuralFundsandtheCohesion
Fund;
Whereastheuseofthebridgingfacilityinthecontextof
eligibleprojectsundertheCohesionFundmayonlybe
consideredoncethisinstrumenthasitsdefinitivelegal
base;
Whereasthebridgingfacilityshallbeavailableto
MemberStatesonavoluntarybasis;
WhereastheTreatyincludesnoprovisionotherthan
Article235fortheadoptionofthepresentdecision;THECOUNCILOFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyinstitutingtheEuropean
EconomicCommunityandinparticularArticle235
thereof,
HavingregardtotheproposalbytheCommission,
HavingregardtotheopinionoftheParliament,
Whereas,inordertoboostaheadofschedulethe
investmentprojectsundertheStructuralFunds,the
EuropeanCouncilinCopenhageninvitedtheEcofin
CounciltoexamineaproposalfromtheCommission
thatwouldenableMemberStatestodrawona
Communitybridgingfacilityatmarketinterestratesup
toamaximumofECU5billionavailableuntiltheendof
1995;
WhereastheEuropeanCouncilconcludedthat
repaymentofthisCommunityloanwouldbedrawn
fromStructuralFundappropriations insubsequentyears;
andthatsimilararrangementscouldbeappliedtothe
CohesionFund;
Whereasthiswouldconstituteanimportantshort-term
measureattheleveloftheCommunityinthecontextof

4.8.93 NoC210/22 OfficialJournaloftheEuropeanCommunities
fromtheStructuralFundsfortheCSFsconcerned,
programmedfortheyearsduringwhichoneormoreof
thesepaymentsorrepaymentsbecomedue.Similar
arrangementsregardingrepaymentmayapplytothe
CohesionFund.
Themodalitiescoveringtheimplementation ofthese
repaymentsshallbeagreedbetweentheCommissionand
theMemberStatesconcerned .
Article4
TheborrowingoperationsreferredtoinArticle1shall
benegotiatedbytheCommissioninthebestinterestof
theCommunityandtherecipientMemberStates,
dependingontheconditionsprevailinginthecapital
marketandtheborrowingrequirementsintermsofloan
maturityandothermodalities .
Thelendingoperationsshallbeexpressedinthesame
currencyasthecorrespondingborrowingoperationsand
bearthesameconditionsingeneral.
Article5
TheCommission shallinformboththeCouncilandthe
Parliamentonceayearontheuseofthebridging
facility,aswellasonthepaymentsoftheinterestand
principalmadeunderit.HASDECIDEDASFOLLOWS :
Article1
TheCommission isempowered,onbehalfofthe
EuropeanEconomicCommunity,tocontractborrowings
uptoatotalamountofECU5billioninprincipalunder
thebridgingfacility,forthepurposeofextendingloans
toMemberStatestobeusedfortheaccelerated
implementation ofinvestmentmeasurestobeincludedin
theCommunitysupportframeworks (CSFs),aswellas,
andsubjecttofuturelegislativeprovisionsandconditions
governingtheoperationoftheCohesionFund,projects
approvedforfundingfromthatinstrument .
Article2
Drawingsunderthisfacilityshallbeavailablein
successiveinstalmentsuntiltheendof1995,while
repaymentsshallbecompletedby31December1999at
thelatest.
Article3
Thefinancialresourcesnecessaryfortherepaymentof
theprincipalofeachloanatitsfinalmaturity,aswellas
fortheserviceofintermediateinterestpaymentshallbe
madeavailableintheirentiretybytherecipientMember
StatetotheCommission .Forthispurposetherecipient
MemberStatesmayearmarkbudgetaryappropriations
ProposalforaCouncilRegulationamendingRegulation(EEC)No804/68onthecommon
organizationofthemarketinmilkandmilkproducts
(93/C210/21)
COM(93)323final
(SubmittedbytheCommissionon12July1993)
THECOUNCILOFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,andinparticularArticle43
thereof,
HavingregardtotheproposalfromtheCommission ,
HavingregardtotheopinionoftheEuropean
Parliament,
WhereasRegulation (EEC)No1079/77ona
co-responsibility levyandonmeasuresforexpandingthe
marketinmilkandmilkproducts(')expiredon1April
1993;whereasifaMemberStatewishestostrengthen,
onitsterritory,themeasuresprovidedforinRegulation
(EEC)No2073/92onpromotingconsumptioninthe
Communityandexpandingthemarketsformilkand
milkproducts(2)provisionshouldbemadeforaprocedurepermittingapromotional levyonmilk
producersatthenationallevel,
HASADOPTEDTHISREGULATION :
Article1
ThefollowingArticle24aisherebyaddedtoRegulation
(EEC)No804/68:
Article24a
AMemberStatemay,atitsrequest,beauthorizedto
makeapromotionallevyonmilkproducersin
respectofmarketedquantitiesofmilkormilk
equivalent.'
Article2
ThisRegulationshallenterintoforceontheseventhday
followingitspublicationintheOfficialJournalofthe
EuropeanCommunities .
ThisRegulationshallbebindinginitsentiretyand
directlyapplicableinallMemberStates.OOJNoL131,26.5.1977,p.6.
OOJNoL215,30.7.1992,p.67.