ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(77)491
Vol.1977/0156

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COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(77)491 final
Brussels,13October1977
Proposalfora
FINANCIAL REGULATION
concerningtheEAGGF,GuaranteeSection,forthe
periods1967/68to1970
(submittedtotheCouncilbytheCommission)
CGM(77 )491final

EXPLANATORYKMOPJUTOUM
1.AidfromtheEAGGP,GuaranteeSection,forthefouraccountingperiods
of19-7/68,1968/69,thesecondhalfof1969and1970relatestoatotal
ofabout7000millionunitsofaccountofexpenditure ,ofwhicharound
5300millionwereenteredinthe"budgetaspartofthe,paymentsonaccount
decidedonbytheCommission .
Thebalanceofaround1700millionunitsofaccounthasbsenthesubjoct
offundmovementsintheformofclearingpursuanttotheCouncil"cumulation"
1..... 2resolutionsof21April1970and30May1972;theob,jectiv3ofthese•
resolutions wastosolvetheliquidassetsproblemswhichmightarisefor
MemberStatesonthetransitionfromthereimbursement system(validuntil
31December1970)tothesystemofdirectfinancing,andtheBUDwasnot
accountedforbybudgetentries.Forthisreason,applyingthecurrent
financialruleswouldrequireabout1700millionunitsofaccounttobe
enteredinthebudgetunderexpenditure andreceipts,whereasthepayments
whichtheMemberStatesmustmakeorreceivetotalonlyabout47mu.a.
2.Thepresentation ofasupplementary budgetof1700millionu.a.for
purelyaccountingreasonswouldthusbeverydifficulttojustifyinvi^w
bothofthesizeoftheamountcomparedwith,actualfundmovement(4?mu.a.)
OJNoC50,28.4.1970,p.2
2OJNoC105,10.10.1972,p.16

andinviewalsoofthereactionswhichtherequestforsucha
largeappropriation wouldbelikelytoexcite.Theunsuitability
oftheordinarybudgetprocedureisfurtheraddedto"bythefacts
thatitisnotacase,inthebudgetarysense,ofnewforecastsof
expenditure andreceiptsbutsimplyofacorrection,thatthe
expenditureinquestionisveryold–itdatesbacktenyears-andcovers
severalaccountingyearsand,lastly,thatthissituationrelatesto
areceiptssystemwhichisdifferentfromthepresentoneandconcerns
onlytheMemberStatesoftheoriginalCommunity.
Thesereasonsjustifythesearchforasimplifiedsolutionatbudget
level,i.e.anadhocfinancialregulationtodefinitively settle
thematterofformerperiodsandregulatetheeffectsofcumulation.
3.ThisspecificRegulation,basedonArticle209oftheTreaty,
containsbroadlyspeakingthefollowingenactingterms:
(a)Articles1to3describethemechanismsrelatingtoMemberStates'
contributions andtherepaymentofexpenditure (clearing);these
provisionsrepeatthosecontainedinArticles6,8(withtheexcep­
tionofparagraph2(b)),10and11oftheFinancialRegulationson
theEAGGP(64/127/EEC);
(b)Article4stipulatesthatwherethereisnobudgetentrythe
accountingresultsbyperiod,whicharenecessarytodrawupMember
States'accountingpositions,willbepublishedinanannexto
therevenueandexpenditure accountsoftheCommission.

-3-
(c;Article >_>*alloor,t.varyprovis:;,orisinexistingCf.ir.iwrn*i.*
régulations.
4-Finally,tnarepealingofallprovisionspriortothisRegulation
(seepoint-3(c))liieansthattheexistingprovisionsconcerningsums
unpaidlaiddowninArticle3(2)ofRegulationNo2003/73,whichare
particularlyrestrictive (annualmini-clearingfortheSix),mustbe
replaced "byaspecialArticlesettlingthisproblemdefinitively
(Article5),Itisproposedthatthesumsatpresentunpaidforthe
seoondhalfof19^9and1970shouldbeincorporatedinthenewsystem
offinancing ?theexistingprovisionsarenotonlyverydifficultto
implementbutfurthermoretheyignoretwoimportantfactors;
(a)Recoveriesfollowingirregularities relatingtoformerperiods
arealreadycoveredbythenewsystem;itislogicalthatthisshould
alsobethecaseforexpenditure,thislatterbeingmoreoveroffset
bytheabovementioned receipts.
(b)Furthermore,sinceitisintendedthattheprovisionshouldnotenter
intoforceuntil1978»itwillinanyeventhavetobealignedon
thesituationasitstandsatthatdate,i.e.theabolitionof
relativesharesandtheintroduction oftheintegralownresources
system.
•••/•••

FinancialRegulation concerning theEACOF .Guarantee Section ,
fortheperiods 1967/68to1970
THECOUNCIL OFTHEEUROPEAN COMMUNITIES ,
Having regard totheTreaty establishing theEuropean Economic Community ,
andinparticular Articles 43and209thereof ,
Having regard totheproposal from theCommission ,
Having regard totheopinion oftheEuropean Parliament ,
Whereas ,inorder toclear theaccounts fortheaccounting periods
1967/68to1970 ,which involves only theMember States oftheCommunity
asoriginally constituted ,movements offunds relating tothese four
periods should belimited toasingle clearing ,
HAS ADOPTED THIS REGULATION :

Article1
1.Thefinancialcontributions fromMemberStatescalculated inaccord­
ancewithArticle11ofCouncilRegulationNo130/66/EECof26July1966
onthefinancingofthecommonagriculturalpolicy*andArticles2and
7ofCouncilRegulation(EEC)No728/70of21April1970onadditional
2provisionsforthefinancingoftheoommonagricultural policyshall
beusedtocoverexpenditure "bytheGuaranteeSectionoftheFund.
2.Thefinancialcontributions asexpressedinunitsofaccountshall
beconvertedintonationalcurrencyandcredited "byeachMemberState
toaspecialaccountopenedintheCommission'sname(EAGGF)withthe
Treasuryorother "bodyappointedbytheMemberState.Suchaccounts
shallbeseparatefromallotheraccountsopenedfortheCommission
underbudgetaryprocedure.
3.Thecreditentryreferredtoinparagraph2shallbemadeinaccor­
dancewiththeprovisionsofArticle3(l).
10JNoI65,21.9.1966,p.2965/66
20JNoL94,28.4.1970,p.9

Article2
1»Popthepui^poseofthesettlementofaccountSjthegrantingof
authoritytopayandthepaymentofexpensesrelatingtotheGuarantee
Section,theCommissionshall,inthenameofeachMemberState,keep
anaccountforeachaccountingperiodwhichshallhe:
-creditedwiththeamountsto"bereimbursedtothatMemberState
pursuanttothedecisionstakeninaccordancewithArticle10of
CouncilRegulationNoI7/64/EECof5FebruaryI964ontheconditions
forgrantingaidfromtheEuropeanAgricultural CuidanceandGuarantee
Fund"^;
-debitedwiththecontributions ofthatMemberStatecalculatedin
accordancewiththeprovisionsinforceduringtheaccountingperiod
inquestionandonthebasisofthedataavailableatthetimeofthe
decision.
2.TheCommissionshallinformeachMemberStateofthebalanceofits
account•
3«Theaccountsreferredtoinparagraph1shallbekeptandadoptedin
unitsofaccount.
Article3
1.MemberStatesindebitshall,withinonemonthfromthedateofnoti­
fication,paytheamountsforwhichtheyareliableforthewholeofthe
periods1967/68to1970-Thepaymentsshallbemadeintheirnational
currencyintotheaccountsopenedinaccordancewithArticle1(2),on
thebasisoftheparityinforceon31December1970.
2.MemberStatesincreditshall,withintwomonthsfromthedateof
notification ,receiveapaymentfromtheCommissionforthewholeofthe
periods1967/68to1970,madeintheirnationalcurrencyonthebasisof
theparityinforceon31December1970.
OJNo34,27.2.1964,P.586/64

Article4
Adetailedtableontheclosureofaccountsfortheperiods1967/68
to1970shallbepublishedasanannextotherevenueandexpenditure
accountsoftheCommissionreferredtoinArticle81ofFinancial
RegulationNo73/91/ECSC,EEC,Euratomof25April1973applicableto
thegeneralbudgetoftheEuropeanCommunities^^.
Article5
Theexpenditure chargeableinrespectofthesecondhalfof19«9
and1970whichremainsunpaidwhentheaccountsforthoseperiodsare
closedshallbefinancedinaccordancewiththeprovisionsofCouncil
Regulation(EEC)No729/70of21April1970onthefinancingofthe
(2)commonagricultural policy.
Article6
ΛFinancialRegulationNo64/127/EECof5February1964ontheEuropean
Agricultural GuidanceandGuaranteeFundandArticle3(2)ofCouncil
Regulation(EEC)No2030/73of24July1973onaidfromtheEAGGF,
GuaranteeSection,forthe1967/68"to1970accountingperiods^"arehereby
repealed *
Article7
ThisRegulationshallenterintoforceonthethirddayfollowingits
publicationintheOfficialJournaloftheEuropeanCommunities *This
Regulationshallbebindinginitsentiretyanddirectlyapplicableinall
MemberStates.
DoneatBrussels.
:OJNoL116,1.5.1973,p.1
ZOJNoL94,28.4.1970,p.13
OJNo34,27.2.1964,p.599/64
OJNoL207,28.7.1973,p.1