Commission Regulation (EEC) No 380/78 of 30 January 1978 on the operation of the system of advances in respect of expenditure financed by the Guarantee Section of the EAGGF
Official Journal L 056 , 27/02/1978 P. 0001 - 0020
Greek special edition: Chapter 03 Volume 20 P. 0113
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COMMISSION REGULATION ( EEC ) NO 380/78
OF 30 JANUARY 1978
ON THE OPERATION OF THE SYSTEM OF ADVANCES IN RESPECT OF EXPENDITURE FINANCED BY THE GUARANTEE SECTION OF THE EAGGF
THE COMMISSION OF THE EUROPEAN COMMUNITIES ,
HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,
HAVING REGARD TO COUNCIL REGULATION ( EEC ) NO 729/70 OF 21 APRIL 1970 ON THE FINANCING OF THE COMMON AGRICULTURAL POLICY ( 1 ) , AS LAST AMENDED BY REGULATION ( EEC ) NO 2788/72 ( 2 ) , AND IN PARTICULAR ARTICLES 4 AND 5 THEREOF ,
WHEREAS ARTICLE 4 ( 2 ) OF REGULATION ( EEC ) NO 729/70 PROVIDES FOR MEMBER STATES TO HAVE MADE AVAILABLE TO THEM THE FUNDS NEEDED FOR PAYMENTS UNDER THE GUARANTEE SECTION OF THE EUROPEAN AGRICULTURAL GUIDANCE AND GUARANTEE FUND ; WHEREAS THE BEST WAY TO OPERATE THIS FINANCING SYSTEM IS TO MAKE COMMUNITY FUNDS AVAILABLE TO EACH MEMBER STATE BY TRANSFERS TO ITS ACCOUNT ;
WHEREAS , HAVING REGARD IN PARTICULAR TO THE LARGE NUMBER OF DISBURSING AUTHORITIES AND AGENCIES , THE BEST WAY TO ADMINISTER THE COMMUNITY FUNDS IS TO MAKE THE INDIVIDUAL MEMBER STATES RESPONSIBLE FOR THEIR DISTRIBUTION AMONG SUCH AUTHORITIES AND AGENCIES ;
WHEREAS , IN ORDER THAT IT MAY BE KNOWN EXACTLY HOW THE COMMUNITY FUNDS ARE USED , IT IS INDISPENSABLE THAT EACH DISBURSING AUTHORITY AND AGENCY SHOULD KEEP ACCOUNTS DEVOTED EXCLUSIVELY TO THESE FUNDS AND TO THEIR USE ;
WHEREAS , IN ORDER TO ENSURE THAT THE COMMISSION CAN ASSESS FINANCIAL REQUIREMENTS AND MONITOR THE USE OF THE COMMUNITY FUNDS , THE MEMBER STATES MUST TRANSMIT TO IT EACH MONTH AN APPLICATION RELATING TO FINANCIAL REQUIREMENTS AND ACCOMPANIED , IN RESPECT OF EACH DISBURSING AUTHORITY AND AGENCY , BY STATEMENTS OF THE CASH POSITION , EXPENDITURE EFFECTED AND EXPENDITURE ESTIMATES FOR THREE MONTHS ;
WHEREAS THE FUNDS MADE AVAILABLE TO MEMBER STATES MUST COVER THE ACTUAL CASH REQUIREMENTS OF AT LEAST ONE MONTH ;
WHEREAS , ALTHOUGH AGGREGATE SUMS ARE MADE AVAILABLE TO MEMBER STATES EACH MONTH , A MEMBER STATE MAY EXPERIENCE CASH DIFFICULTIES BECAUSE EXPENDITURE IS RUNNING AT A HIGHER RATE THAN THAT INITIALLY PROVIDED FOR ; WHEREAS PROVISION SHOULD CONSEQUENTLY BE MADE FOR THE POSSIBILITY OF SPECIAL ADVANCES ;
WHEREAS THE FOLLOWING REGULATIONS CONTAIN SPECIAL PROVISIONS IN RESPECT OF THE FINANCING OF EXPENDITURE BY INTERVENTION AGENCIES ON THE BUYING IN OF PRODUCTS AND ON SUBSEQUENT OPERATIONS : COUNCIL REGULATION ( EEC ) NO 786/69 OF 22 APRIL 1969 ON THE FINANCING OF INTERVENTION EXPENDITURE IN RESPECT OF THE INTERNAL MARKET IN OILS AND FATS ( 3 ) ; COUNCIL REGULATION ( EEC ) NO 787/69 OF 22 APRIL 1969 ON THE FINANCING OF