CELEX: 51988PC0230
Language: en
Date: 1988-04-25
Title: PROPOSAL FOR A COUNCIL REGULATION ( EEC ) AMENDING REGULATION ( EEC ) NO 729/70 ON THE FINANCING OF THE COMMON AGRICULTURAL POLICY

No C 152/8                              Official Journal of the European Communities                               10. 6. 88
                 3. (a) The Commission shall adopt the intended measures when they are in accordance
                         with the Committee's opinion.
                    (b) Where the intended measures are not in accordance with the opinion of the
                         Committee, or in the absence of any opinion, the Commission shall forthwith
                         submit to the Council a proposal relating to the measures to be taken. The Council
                         shall act by a qualified majority.
                         If, on the expiry of three months from the date on which the matter was referred to
                         it, the Council has not acted, the proposed measures shall be adopted by the
                         Commission.'
             Proposal for a Council Regulation (EEC) amending Regulation (EEC) No 729/70 on the
                                         financing of the common agricultural policy
                                                      COM(88) 230 final
                                       (Submitted by the Commission on 27 April 1988)
                                                         (88/C 152/11)
THE COUNCIL OF THE EUROPEAN COMMUNITIES,                           1. The following words in the last subparagraph of
                                                                      Article 4 (2) are deleted:
Having regard to the Treaty establishing the European
Economic Community, and in particular Article 43                      'and until the adoption of final arrangements in
thereof,                                                              conjunction with the decisions concerning the future
                                                                      financing of the Community.'
Having regard to the proposal from the Commission,
                                                                   2. The last subparagraph of Article 5 (2) (a) is replaced
In cooperation with the European Parliament,                          by the following:
Whereas by Regulation (EEC) No 3183 ('), the Council                  'From January 1988, the Commission shall decide
adapted its Regulation (EEC) No 729/70 of 21 April on                 solely on monthly advances against booking of expen-
the financing of the common agricultural policy (2) with              diture effected from the financial resources referred
a view to enabling the Community to ensure the                        to in the third subparagraph of Article 4 (2). Expen-
financing of the expenditure provided for in the various              diture for October shall be attached to October if it is
Regulations on the common market organizations in                     effected from 1 to 15 October and to November if it
situations where relevant available appropriations are                is effected from 16 to 31 October. Advance payments
exhausted; whereas the adaptation consists essentially in             shall be made before the 20th of the second month
a two-month delay between fundings by the Member                      following that in which the expenditure is disbursed
States from their own financial resources and the                     by the paying agencies. However, advance payments
booking of such expenditure by the advance payments                    against booking of expenditure effected from 16
made to the Member States by the Community;                            October to 30 November shall be paid not later than
                                                                      the third working day in January.'
Whereas, with a view to ensuring continuity of the
payments provided for by the various marked organiz-
                                                                                             Article 2
 ations, the two-month delay introduced by Regulation
(EEC) No 3183/87 should be extended to two-and-                    This Regulation shall enter into force on the third day
a-half months,                                                     following its publication in the Official Journal of the
                                                                   European Communities.
HAS ADOPTED THIS REGULATION:
                                                                   This Regulation shall apply for the first time to expen-
                           Article 1                               diture for October 1988.
 Regulation (EEC) No 729/70 is hereby amended as                   This Regulation shall be binding in its entirety and
follows:                                                           directly applicable in all Member States.
 (") OJ No L 304, 27. 10. 1987, p. 1.
 (2) OJ No L 94, 28. 4. 1970, p. 13.