CELEX: 51973PC0206
Language: en
Date: 1973-02-14
Title: PROPOSAL FOR A REGULATION OF THE COUNCIL concerning interest on sums paid out of the EAGGF and by way of food aid which are recoverable (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (73) 206
Vol. 1973/0033
 ---pagebreak--- Disclaimer
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                               COM(73)206 final
                                               Brussels . 14 February 1973
                                 PROPOSAL FOR A REGULATION
                                      OF THE COUNCIL
                     concerning interest on sums paid out of the EAGGF
                       and by way of food aid which are recoverable
                  ( submitted to the Council by the Commission)
                            /
  COM(73 ) 206 final
 ---pagebreak---                         EXPLANATORY MEMORANDUM
1 . In a certain number of texts concerning interventions by the
    EAGGF , and in particular in Article 8 of Regulation ( EEC )
    N° 729/70 on the financing of the common agricultural policy ,
    provision is made for the recovery of sums paid to beneficiaries .
2 . Beneficiaries should not , during the period between the time
    of payment and of recovery , be enabled to use for their own gain
    the amounts paid to them . A certain amount of income could be
    derived from such sums when placed short term .
3 . In these circumstances , it is proposed that interest be added to
    sums recovered , such interest being calculated from the date on
    which those sums were paid to the beneficiary . Detailed rules
    relating to this provision , ana in particular the method of fixing
    the rate of interest , will be adopted by the Commission after
    receiving the Opinion of the Committee of the EAGGF .
k . It would be reasonable not to charge such interest in cases where
    Community provisions already provide for an increase or where the
    reason for recovery is attributable to the Community or to the
    Member State concerned .
5 . The interest charge should be applied in all cases where recovery
    takes place of sums paid after the entry into force of the
    proposed Regulation .
 ---pagebreak---                          PROPOSAL FOR A REGULATION
                                OF THE COUNCIL
              concerning interest on sums paid out of the EAGGF
                and by way - of food aid which are recoverable
    THE COUNCIL OF THE EUROPEAN COMMUNITIES ,
; Having regard to the Treaty establishing the European Economic
    Community , and in particular Articles ^3 a*id 209 thereof ;
                                                            /
 . Having regard to the proposal from the Commission ;
    Having regard to the Opinion of the Eiiropfean - Parliament ;
    Whereas Community rules provide for the recovery of sums paid within
    the framework of expenditurg . financed in whole or in part out of the
    EAGGF or by way of food aid , whether the grounds for recovery are
  : irregularity or negligence or , otherwise , failure to comply with
    commitments undertaken ; whereas interest calculated according to
    Community criteria should be added to such amounts as from the date
    on which they are paid ; whereas in this context the addition of
    interest should at Community level be limited to cases where recovery
    is not attributable to the Community or to the Member State concerned ;
    HAS ADOPTED THIS REGULATION : '
                                      Article 1
    1 . Interest shall be payable on sums to be recovered from beneficiaries
        in respect of expenditure financed in whole or in part by the
        EAGGF or by way of food aid , from the date of payment of those
        sums to the beneficiary , where the reason for recovery is not
        attributable to the Community or to the Member State concerned .
 ---pagebreak---      Where the amount of such interest is collected by the Member
     State , it shall be paid by the latter to the Community in the
     proportion in which the Community financed the expenditure in
     question and in accordance with the rules applicable to
     repayment of sums recovered in respect of such expenditure#
2 . The foregoing provisions shall not apply in cases where
     Community provisions already provide for sums recoverable to be
     increased ,
3>» The detailed rules for applying this Article shall be adopted
     in accordance with the procedure provided for in Article 13
     of Council Regulation ( EEC ) N° 729/70 ( 1 ) on the financing of
     the oommon agricultural policy .
                               Article 2
The provisions of Article 1 shall apply to sums paid to beneficiaries
after the entry into force of this Regulation .
This Regulation shall be binding in its entirety and directly
applicable in all Member States .
Done at Brussels t                   19    •
                                           For the Council
                                           The President
( 1 ) OJ N® L 9 ^» 28 April 1970 , p. 13