CELEX: 51984PC0250
Language: en
Date: 1984-04-17
Title: PROPOSAL FOR A COUNCIL REGULATION ( EEC, EAEC ) NO INTRODUCING SUPPLEMENTARY MEASURES TO COVER BUDGETARY REQUIREMENTS IN 1984

12.5.84                             Official Journal of the European Communities                             No C 126/5
                                                            II
                                                   (Prep a rat ory Acts)
                                              COMMISSION
              Proposal for a Council Regulation introducing measures to cover budgetary requirements
                                     in 1984 given the exhaustion of own resources
                                                  COM(84) 250 Final
                            (Submitted by the Commission to the Council on 18 April 1984)
                                                     (84/C 126/06)
THE COUNCIL OF THE EUROPEAN                                       HAS ADOPTED THE PRESENT REGULATION:
COMMUNITIES,
                                                                                         Article 1
Having regard to the Treaty establishing the
European Economic Community, and in particular                   The Member States shall make a sum     of 2 333 million
Article 235 thereof,                                              ECU available to the Commission         on the terms
                                                                  indicated below. These funds shall be used exclusively
                                                                  to provide supplementary cover         for budgetary
Having regard to the Treaty establishing the                      expenditure in 1984.
European Atomic Energy Community, and in
particular Article 203 thereof,
                                                                                         Article 2
Having regard to the proposal from the Commission,                The Commission shall apply to all Member States,
                                                                  who shall contribute to the proposed operation in
Having regard to the opinion of the European                      accordance with their share of the Community's
Parliament,                                                       uniform VAT base for 1984, viz:
                                                                          Germany                           28,75
Whereas the own resources granted to the
Communities by the Decision of 21 April 1970 are                          Belgium                            3,45
insufficient to cover all the requirements necessary to                   Denmark                             1,99
implement common policies and activities, notably as                      France                            22,78
a result of recent decisions taken by the Council for                     Greece                              1,58
which budgetary cover must be provided;
                                                                          Ireland                            0,86
                                                                          Italy                             15,32
Whereas the Commission has presented a proposal to                        Luxembourg                         0,25
the Council for a decision granting new own                               Netherlands                        4,98
resources to the Community;
                                                                          United Kingdom                    20,04
Whereas this proposal is still being examined and
whereas the provisions adopted by the Council cannot                                      Article }
enter into force until they have been ratified by the
Member States in accordance with their respective                 The Commission shall call on             these    funds
constitutional requirements;                                      as budgetary requirements arise           and    before
                                                                  31 December 1984.
Whereas, in the interval, the Community must raise
the funds required by the present situation;                                              Article 4
                                                                  The funds shall be made available to the Member
Whereas, having regard to the ultimate destination of             States on the date indicated by the Commission.
the funds required, the Community should approach                 Interest shall be payable from that date at the market
the Member States direct,                                         rate for a comparable loan of the same duration.
 ---pagebreak--- N o C 126/6                        Official Journal of the European Communities                               12.5.84
                        Article 5                                                      Article 7
The funds shall be repaid in eight equal six-monthly          This Regulation shall enter into force on the day
instalments beginning on 30 June 1986.                        following its publication in the Official Journal of the
                                                              European Communities.
                        Article 6
The Council, acting by a qualified majority on a
proposal from the Commission, shall lay down                  This Regulation shall be binding in its entirety and
detailed rules for implementing this Regulation.              directly applicable in all Member States.