NoC68/12 OfficialJournaloftheEuropeanCommunities 11.3.93
ProposalforaCouncilRegulation(ECSC,EEC,Euratom)amendingtheFinancialRegulation
of21December1977applicabletothegeneralbudgetoftheEuropeanCommunities
(93/C68/09)
COM(93)20final
(SubmittedbytheCommissionon17February1993)
*7.Thesubsectionconcerning"Cooperationwith
developingcountriesandotherthirdcountries"shall
includethefollowingtworeserves,theconditionsfor
theentry,utilizationandfinancingofwhicharelaid
downinCouncilDecision...of...[onbudgetary
discipline](*)andinRegulation(EEC,Euratom)No
1552/89:
(a)areserveforemergencyaidfornon-member
countries;
(b)areservetoguaranteeCommunityloansandloan
guaranteestonon-membercountriesandinthose
countries .THECOUNCILOFTHEEUROPEAN COMMUNITIES ,
HavingregardtotheTreatyestablishingtheEuropean
CoalandSteelCommunity ,andinparticularArticle78h
thereof,
HavingregardtotheTreatyestablishingtheEuropean
EconomicCommunity,andinparticularArticle209
thereof,
HavingregardtotheTreatyestablishingtheEuropean
AtomicEnergyCommunity ,andinparticularArticle183
thereof,
HavingregardtotheproposalfromtheCommission ,
HavingregardtotheopinionoftheEuropean
Parliament ,
HavingregardtotheopinionoftheCourtofAuditors,
Whereasconciliationhastakenplaceinaconciliation
committee,asprovidedforintheJointDeclarationof
theEuropeanParliament,theCouncilandthe
Commissionof4March1975(');
WhereasunderCouncilDecision...of...onbudgetary
disciplinethegeneralbudgetistoincludeareservefor
emergencyaidandareservetoguaranteeCommunity
loansandloanguaranteestonon-membercountries;
whereasthosereservesshouldbegivenrecognitioninthe
relevantprovisionsoftheFinancialRegulation;whereas
provisionneedstobemadeforthenecessarybudget
structureinthepresentationofthebudgetnomenclature ;
WhereasthecreationoftheGuaranteeFundunder
CouncilRegulation (EEC,Euratom)Norequires
provisionstobeincludedsothatrepaymentsmadedirect
bytheGuaranteeFundtolendersarerecordedinthe
budget,
HASADOPTEDTHISREGULATION :
Article1
TheFinancialRegulationisamendedasfollows:
1.Thefollowingparagraph7(2)isaddedtoArticle19:(*)OJNoL..
2.Thefollowingpoint6isaddedtoArticle20:
'6.Asregardsthebudgetaryimpactofthereserveto
guaranteeCommunityloansandloanguarantees
tonon-member countriesandinthosecountries
andofimplementingtheGuaranteeFundsetup
byCouncilRegulation(EEC,Euratom)No
•••(**)■
(a)inthegeneralstatementofrevenue:
—aheadingtocoverthefinancingofthe
reservetoguaranteeCommunityloansand
loanguaranteestonon-membercountries
andinthosecountriesasandwhenitis
mobilizedinaccordancewithArticle13of
Decision ...[concerningbudgetary
discipline],
—aheadingtorecordinthebudget
paymentsmadebytheGuaranteeFund,
—aheadingtoallowlaterepaymentsby
defaultingrecipientstobebookedtothe
budgetiftheyarenotmadedirecttothe
GuaranteeFundinaccordancewiththe
thirdindentofArticle2ofRegulation
(EEC,Euratom)No...[establishingthe
Fund],OOJNoC89,22.4.1975,p.1.
(2)Thecurrentparagraph7isdeletedbytheproposalin
COM(92)358of2September1992.

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.