CELEX: 51977PC0589
Language: en
Date: 1977-11-11
Title: Amendments to the proposal for a Council Regulation (EEC, Euratom, EAEC), implementing the Decision of 21 April 1970 on the replacement of financial contributions from Member States by the Communities' own resources (submitted to the Council by the Commission pursuant to the second paragraph of article 149 of the EEC Treaty, and to article 119 of the EAEC Treaty)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (77) 589
Vol. 1977/0193
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Conformément au règlement (CEE, Euratom) n° 354/83 du Conseil du 1er février 1983
concernant l'ouverture au public des archives historiques de la Communauté économique
européenne et de la Communauté européenne de l'énergie atomique (JO L 43 du 15.2.1983,
p. 1), tel que modifié par le règlement (CE, Euratom) n° 1700/2003 du 22 septembre 2003
(JO L 243 du 27.9.2003, p. 1), ce dossier est ouvert au public. Le cas échéant, les documents
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In accordance with Council Regulation (EEC, Euratom) No 354/83 of 1 February 1983
concerning the opening to the public of the historical archives of the European Economic
Community and the European Atomic Energy Community (OJ L 43, 15.2.1983, p. 1), as
amended by Regulation (EC, Euratom) No 1700/2003 of 22 September 2003 (OJ L 243,
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file have been declassified in conformity with Article 5 of the aforementioned regulation.
In Übereinstimmung mit der Verordnung (EWG, Euratom) Nr. 354/83 des Rates vom 1.
Februar 1983 über die Freigabe der historischen Archive der Europäischen
Wirtschaftsgemeinschaft und der Europäischen Atomgemeinschaft (ABI. L 43 vom 15.2.1983,
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 ---pagebreak--- COMMISSION OF THE EUROPEAN COMMUNITIES
                                                       COM(77)589 Final
                                                       Brussels , 11 November
          Amendment s "to "the proposal for a. Council Regulation
                        ( EEC , Euratom , ESEC) ,
           implementing the Decision cf 21 April 1970 on
           the replacement of financial contributions from
           Member States by the Communities' own resources
           ( submitted to the Council by the Commission
             pursuant to the second paragraph of article
             149    "the EEC Treaty , and to article 119 of
             the ESEC Treaty )                             . „ ■ ■
555 Final
 ---pagebreak---                                                       XIX/30/77-EN
                   EXPLANATORY MEMORANDUM
At its sitting of 13 October 1977i the European Parliament ,
having been consulted by the Council ( l ), adopted a Resolution
embodying its Opinion on a proposal for a Regulation ( EEC ,
Euratom ) ECSC ) implementing the Decision of 21 April 1970
on the replacement of financial contributions from Member
States by the Communities' own resources and requested the
Commission to take over a number of amendments to provisions
of secondary importance , in accordance with the second para­
graph of Article 1^9 of the EEC Treaty .
The Commission has decided to take over the amendments proposed
by the European Parliament as amendments to its previous
proposal sent to the Council on 11 August 1977 ( 2 ).
The amended proposal attached comprises only those Articles
in which amendments are made to the initial Commission proposal .
The amendments have been underlined .
However , the date of 30 June 1979 suggested by the European
Parliament for the first report by the Commission ( Article 28 )
seems too early .   The Commission is therefore proposing
30 September 1979-
(1 ) Doc 27V77
(2)  COM ( 77 ) 396 fin
 ---pagebreak---                                                              XIX/30/77-EN
                          AMENDED PROPOSAL
                under Articles 1^9 of the EEC Treaty
                     and 119 of the EAEC Treaty
          of the Council Regulation ( EEC , EURATOM , EAEC )
                       of
            implementing the Decision of 21 April 1970
          on the replacement of financial contributions
      from Member States by the Communities' own resources
   Preamble , recitals and Articles 1 to 10 unchanged
                             Article 11
1. unchanged
2. unchanged
3« Nevertheless , the own resources accruing from VAT or , where
   appropriate , the financial contributions based on GNP , shall
   be entered on the first day of each month , the amount being
   one-twelfth of the total entered under this heading in the
   budget .
   Calculation of the one-twelfth for the month of January of
   each financial year shall be based on the amounts entered
   in the draft budget ; this amount shall be adjusted when the
   next month 's instalment is paid . If the budget has not been
   adopted before the beginning of the financial year , the
   twelfths shall similarly be calculated from the amounts
   entered in the draft budget ; the adjustment shall be made
   on the first due date following the adoption of the budget
   to allow the responsible authorities one clear calendar month .
   The system of advance payments in twelfths of own resources
   accruing from VAT shall be reviewed at the latest during the
   second financial year following that in which it enters into
   force
 ---pagebreak---                                                      XIX/30/77-EN
unchanged
unchanged
unchanged
unchanged
                          Article 12
unchanged
                          Article 13
The Commission shall have at its disposal the amounts credited
to the account referred to in Article 8 of this Regulation in
order to replenish the accounts via which it makes payments
arising from the implementation of the budget and the trans­
fers intended , as regards funds held in the form of currency ,
to restore the structure of the EUA basket so as to cover
exchange risks , in accordance with the provisions of Article 16
of the Regulation on the application of the EUA . The orders and
instructions which the Commission sends to the Treasury or to
the appropriate department of each Member State shall be
carried out as soon as possible .
deleted
                          Article 14
In order to meet possible liquidity difficulties arising from
( a ) a difference between revenue and expenditure in a given
      month or
( b ) own resources' receipts lower than the original estimates .
/            J (1 )
the Commission may negotiate overdrafts ,
unchanged
                 Articles 15 to 17 unchanged
                          Article 18
The Commission shall , before the end of October in each financial
year , make an estimate of the own resources collected for the
( l ) deleted ^"having taken any appropriate steps to defer the
      expenditure 7
 ---pagebreak---                                                  XIX/30/77 -EN
entire year , on the basis of the information at its disposal
at that time .
If this estimate differs appreciably from the original estimates ,
the latter shall , after a review of the cash situation , be the
subject of a letter of amendment relating to the draft budget
for the following financial year which is in process of
approval .
The balance to be carried forward to the second financial
year following the one in question , as laid down in Article 29
of the Financial Regulation of 25 April 1975 shall take this
 entry into account .
                   Articles 19 to 27 unchanged
                      Article 28 ( new article )
 The Commission shall , before "30 September 1979 , submit a
 report on the implementation o f This Regulation and any
 proposed amendments to it which are likely to emphasize the
 principle of financial autonomy of the Communities and
 improve its operation .