80/1103/EEC: Council Decision of 25 November 1980 supplementing, as regards the application of part of the second tranche of loans, Decision 80/739/EEC applying for the second time Decision 78/870/EEC empowering the Commission to contract loans for the purpose of promoting investment within the Community

COUNCIL DECISION  of 25 November 1980  supplementing, as regards the application of part of the second tranche of loans, Decision 80/739/EEC applying for the second time Decision 78/870/EEC empowering the Commission to contract loans for the purpose of promoting investment within the Community  (80/1103/EEC)
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Decision 78/870/EEC of 16 October 1978 empowering the Commission to contract loans for the purpose of promoting investment within the Community (1), and in particular Article 2 thereof,
Having regard to the proposal from the Commission (2),
Having regard to the opinion of the European Parliament (3),
Whereas Decision 80/739/EEC (4), authorized a second tranche of borrowings for an amount not exceeding the equivalent of a capital sum of 500 million European units of account ; whereas that Decision defined the sectors to which the product of those borrowings might be applied only with respect to an amount equivalent to a capital sum of 400 million European units of account ; whereas, as regards the equivalent of a capital sum of 100 million European units of account, that Decision provided that it might not be borrowed until the adoption of a further decision relating to the purpose for which such borrowing might be used;
Whereas it is therefore necessary to take a decision on the application of that part of the second tranche;
Whereas for that purpose the same sectors should be covered as in Decision 80/739/EEC ; whereas it is therefore advisable, by way of exception, to permit the application of the borrowings in question also to loans intended for the financing of factories constructed with a view to future requirements and of housing, provided that they form part of a total project of economic and industrial development presenting a regional interest,