CELEX: 31977D0320
Language: en
Date: 1977-04-05 00:00:00
Title: Council Decision of 5 April 1977 giving a discharge to the Commission in respect of the implementation of the operations of the Development Fund for the overseas countries and territories (1st Fund) for the 1974 financial year

28. 4. 77                                 Official Journal of the European Communities                              No L 105/47
                                                         COUNCIL DECISION
                                                            of 5 April 1977
               giving a discharge to the Commission in respect of the implementation of the operations of the
               Development Fund for the overseas countries and territories ( 1st Fund) for the 1974 financial
                                                                  year
                                                             (77/320/EEC)
THE COUNCIL OF THE EUROPEAN COMMUNITIES,                               Recalling that, in accordance with the provisions applica­
                                                                       ble to the implementation of the Development Fund for
                                                                       the overseas countries and territories ( 1st Fund), only the
Having regard to the Treaty establishing the European                  Council, acting by a qualified majority, shall give a dis­
Economic Community,                                                    charge to the Commission in respect of the financial ad­
                                                                       ministration of the Fund;
Having regard to the Implementing Convention on the as­
sociation of the overseas countries and territories with the           Whereas an advance of 19 543 038 39 units of account
Community, annexed to the Treaty,                                      has been paid to the European Development Fund ( 1963 )
                                                                       (2nd EDF);
Having regard to Regulation No 5 laying down detailed
provisions relating to the collection and transfer of finan­           Whereas the overall implementation by the Commission
cial contributions, the budgeting and administration of                of the operations of the first Development Fund during the
the resources of the Development Fund for the overseas                 1974 financial year was such as to warrant its being given
countries and territories (x), and in particular Article 16            a discharge in respect of the implementation of those op­
thereof,                                                               erations,
Having regard to Regulation No 6 relating to the respon­
siblity of authorizing and accounting officers for the re­             HAS DECIDED AS FOLLOWS :
sources of the Development Fund for the overseas coun­
tries and territories (2),                                                                        Article 1
Having regard to the Council Decision of 30 May 1 972 on               The Council closes the revenue and expenditure accounts
the transfer and utilization of the unexpended balances of             of the Development Fund for the overseas countries and
the Development Fund for the overseas countries and ter­               territories ( 1st Fund) as at 31 December 1974 as follows :
ritories set up by the Implementing Convention annexed
to the Treaty establishing the European Economic Com­                  Revenue
munity,
                                                                       at the sum of 581 250 000 - 00 units of account;
Having regard to the revenue and expenditure accounts,
the statement and the summary of operations of the De­                 Expenditure (payments)
velopment Fund for the overseas countries and territories               at the sum of 561 706 961-61 units of account.
 ( 1st Fund) as at 31 December 1974 (3),
Having regard to the report of the Audit Board on the ac­                                         Article 2
counts for the 1974 financial year, to which report are an­
 nexed the Commission's replies to the comments made by                The Council hereby gives a discharge to the Commission
 the Audit Board, and in particular the second part of this            in respect of the implementation of the operations of the
report, which deals with the Development Funds,                        Development Fund for the overseas countries and ter­
                                                                       ritories ( 1st Fund) for the 1974 financial year.
 Having regard to the opinion of the European Parliament
 of 14 December 1976 ,                                                 Done at Luxembourg, 5 April 1977.
                                                                                                              For the Council
                                                                                                                The President
                                                                                                                  D. OWEN
   (>) OJ No 33, 31 . 12. 1958, p. 681 /58 .
   (2) OJ No 33 , 31 . 12. 1958 , p. 686/58 .
   (3) OJ No C 73 , 29. 3 . 1976, p. 36.