Council Regulation (EEC) No 2048/88 of 24 June 1988 amending Regulation (EEC) No 729/70 on the financing of the common agricultural policy
Date: 1988-06-24
Institutions: Council of the European Union
Subjects: EAGGF, EU financing, agricultural structure, common agricultural policy













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31988R2048

Council Regulation (EEC) No 2048/88 of 24 June 1988 amending Regulation (EEC) No 729/70 on the financing of the common agricultural policy  


Official Journal L 185 , 15/07/1988 P. 0001 - 0002 Finnish special edition: Chapter 3 Volume 26 P. 0247  Swedish special edition: Chapter 3 Volume 26 P. 0247  





COUNCIL REGULATION (EEC) N° 2048/88of  24 June 1988amending Regulation (EEC) N° 729/70 on the financing of the common agricultural  policyTHE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, and in particular Article  43 thereof, Having regard to the proposal from the Commission (1), Having regard to the opinion of the European Parliament (2), Having regard to the opinion of the Court of Auditors (3), Whereas by Regulation (EEC) N° 3183/87 (4), the Council adapted its Regulation (EEC) N° 729/70 (5)  with a view to enabling the Community to ensure the financing of the expenditure provided for in  the various rules on the common market organizations in situations where relevant available  appropriations are exhausted; whereas the adaptation consists essentially in a two-month delay  between fundings by the Member States from their own financial resources and the booking of such  expenditure by the advance payments made to the Member States by the Community; Whereas, with a view to ensuring continuity of the payments provided for by the said rules, the  two-month delay should be extended to two-and-a-half months, only for expenditure of the second two  weeks of the month of October, HAS ADOPTED THIS REGULATION: Article 1Regulation (EEC) N° 729/70 is hereby amended as follows: 1.  the following words in the last subparagraph of Article 4 (2) are deleted: 'and until the adoption of final arrangements in conjunction with the decisions concerning the  future financing of the Community.'2.  the last subparagraph of Article 5 (2) (a) is replaced by  the following: 'From January 1988, the Commission shall decide solely on monthly advances against booking of  expenditure effected from the financial resources referred to in the third subparagraph of Article  4 (2). Expenditure for October shall be attached to October if it is effected from 1 to 15 October  and to November if it is effected from 16 to 31 October. Advance payments shall be made not later  than the third working day of the second month following that in which the expenditure is disbursed  by the disbursing agencies.'Article 2This Regulation shall enter into force on the third day  following its publication in the Official Journal of the European Communities. This Regulation shall apply for the first time to expenditure for October 1988. This Regulation shall be binding in its entirety and directly applicable in all  Member States. Done at Luxembourg, 24 June 1988. For the CouncilThe PresidentM. BANGEMANNEWG:L185UMBE00.95FF: 0UEN;   SETUP: 01;   Hoehe: 679 mm;    70 Zeilen;   2949 Zeichen; Bediener: 0000   Pr.: C; Kunde: L 185 England 00                (1) OJ N° C 152, 10. 6. 1988, p. 8. (2) Opinion delivered on 16 June 1988 (not yet published in the Official Journal). (3) OJ N° C 166, 25. 6. 1988, p. 7. (4) OJ N° L 304, 27. 10. 1987, p. 1. (5) OJ N° L 94, 28. 4. 1970, p. 13.