CELEX: 31985D0537
Language: en
Date: 1985-12-05 00:00:00
Title: 85/537/Euratom: Council Decision of 5 December 1985 amending Decision 77/271/Euratom as regards the total amount of Euratom loans which the Commission is empowered to contract for the purpose of contributing to the financing of nuclear power stations

Avis juridique important

|

31985D0537

85/537/Euratom: Council Decision of 5 December 1985 amending Decision 77/271/Euratom as regards the total amount of Euratom loans which the Commission is empowered to contract for the purpose of contributing to the financing of nuclear power stations  

Official Journal L 334 , 12/12/1985 P. 0023 - 0023 Spanish special edition: Chapter 12 Volume 5 P. 0009  Portuguese special edition Chapter 12 Volume 5 P. 0009 

*****COUNCIL  DECISION  of 5 December 1985  amending Decision 77/271/Euratom as regards the total amount of Euratom loans which the Commission is empowered to contract for the purpose of contributing to the financing of nuclear power stations  (85/537/Euratom)  THE COUNCIL OF THE EUROPEAN COMMUNITIES,  Having regard to the Treaty establishing the European Atomic Energy Community,  Having regard to Council Decision 77/270/Euratom of 29 March 1977 empowering the Commission to issue loans for the purpose of contributing to the financing of nuclear power stations (1), and in particular Article 1 thereof,  Having regard to the proposal from the Commission,  Whereas the loan level of 1 800 million ECU mentioned in Decision 77/271/Euratom (2), as last amended by Decision 82/170/Euratom (3), has been reached;  Whereas experience indicates that it is desirable to raise, by 1 000 million ECU, the total amount of loans which the Commission is empowered to contract on behalf of the European Atomic Energy Community;  Whereas it is therefore necessary to amend Decision 77/271/Euratom,  HAS DECIDED AS FOLLOWS:  Sole Article  The Sole Article of Decision 77/271/Euratom is hereby replaced by the following:  'Sole Article  Loans as provided for in Article 1 of Decision 77/270/Euratom may be contracted for amounts the total principal of which shall not exceed the equivalent of 3 000 million ECU.  When the total value of the transactions effected reaches 2 800 million ECU, the Commission shall inform the Council, which, acting unanimously on a proposal from the Commission, shall decide on the fixing of a new amount as soon as possible.'.  Done at Brussels, 5 December 1985.  For the Council  The President  J.-C. JUNCKER  (1) OJ No L 88, 6. 4. 1977, p. 9.  (2) OJ No L 88, 6. 4. 1977, p. 11.  (3) OJ No L 78, 24. 3. 1982, p. 21.