CELEX: 31980D0029
Language: en
Date: 1979-12-20 00:00:00
Title: 80/29/Euratom: Council Decision of 20 December 1979 amending Decision 77/271/Euratom on the implementation of Decision 77/270/Euratom empowering the Commission to contract Euratom loans for the purpose of contributing to the financing of nuclear power stations

Avis juridique important

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31980D0029

80/29/Euratom: Council Decision of 20 December 1979 amending Decision 77/271/Euratom on the implementation of Decision 77/270/Euratom empowering the Commission to contract Euratom loans for the purpose of contributing to the financing of nuclear power stations  

Official Journal L 012 , 17/01/1980 P. 0028 - 0028 Greek special edition: Chapter 12 Volume 2 P. 0032  Spanish special edition: Chapter 12 Volume 3 P. 0199  Portuguese special edition Chapter 12 Volume 3 P. 0199 

****( 1 ) OJ NO L 88 , 6 . 4 . 1977 , P . 9 .  ( 2 ) OJ NO L 88 , 6 . 4 . 1977 , P . 11 .    COUNCIL DECISION   OF 20 DECEMBER 1979   AMENDING DECISION 77/271/EURATOM ON THE IMPLEMENTATION OF DECISION 77/270/EURATOM EMPOWERING THE COMMISSION TO CONTRACT EURATOM LOANS FOR THE PURPOSE OF CONTRIBUTING TO THE FINANCING OF NUCLEAR POWER STATIONS  ( 80/29/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 EURATOM LOANS FOR THE PURPOSE OF CONTRIBUTING TO THE FINANCING OF NUCLEAR POWER STATIONS ( 1 ), AND IN PARTICULAR ARTICLE 1 THEREOF ,   WHEREAS THE LOAN LEVEL OF 300 MILLION EUROPEAN UNITS OF ACCOUNT MENTIONED IN DECISION 77/271/EURATOM ( 2 ) HAS BEEN REACHED ;   WHEREAS EXPERIENCE SHOWS THAT IT IS DESIRABLE TO RAISE , BY 500 MILLION EUROPEAN UNITS OF ACCOUNT , THE TOTAL AMOUNT OF BORROWINGS WHICH THE COMMISSION IS EMPOWERED TO CONTRACT IN THE NAME OF THE EUROPEAN ATOMIC ENERGY COMMUNITY ,   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 OF WHICH SHALL NOT EXCEED 1 000 MILLION EUROPEAN UNITS OF ACCOUNT .   WHEN THE TOTAL VALUE OF THE TRANSACTIONS EFFECTED REACHES 800 MILLION EUROPEAN UNITS OF ACCOUNT , THE COMMISSION SHALL INFORM THE COUNCIL , WHICH , ACTING UNAIMOUSLY , SHALL DECIDE ON THE FIXING OF A NEW AMOUNT AS SOON AS POSSIBLE . '   DONE AT BRUSSELS , 20 DECEMBER 1979 .   FOR THE COUNCIL   THE PRESIDENT   J . TUNNEY