Council Regulation (EEC) No 3973/86 of 22 December 1986 concerning the application of the Protocols on financial and technical cooperation concluded between the Community and Algeria, Morocco, Tunisia, Egypt, Lebanon, Jordan, Syria, Malta and Cyprus

COUNCIL  REGULATION (EEC) No 3973/86
of 22 December 1986
concerning the application of the Protocols on financial and technical cooperation concluded between the Community and Algeria, Morocco, Tunisia, Egypt, Lebanon, Jordan, Syria, Malta and Cyprus
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community, and in particular Articles 209 and 235 thereof,
Having regard to the Regulations concerning the conclusion of the Protocols on financial and technical cooperation between the European Economic Community and Algeria (1), Morocco (2), Tunisia (3), Egypt (4), Lebanon (5), Jordan (6), Syria (7), Malta (8) and Cyprus (9), hereinafter referred to as 'Protocols',
Having regard to the proposal from the Commission,
Having regard to the opinion of the European Parliament,
Having regard to the opinion of the Court of Auditors (10),
Whereas these Protocols lay down the amount of Community aid granted to each of these countries and contain specific points for each particular case; whereas, however, common implementing rules should be established;
Whereas detailed rules for the administration of aid not covered by the own resources of the European Investment Bank, hereinafter referred to as 'the Bank', must be laid down;
Whereas the rules for the administration of financial cooperation should be determined, the procedure for laying down guidelines for aid and for examining and approving it should be established, and the detailed rules for supervising the use of that aid should be defined;
Whereas the Treaty has not provided the powers necessary for this purpose other than those under Article 235;
Whereas a committee of representatives of the Government of the Member States should be set up at the Commission;
Whereas it should be stipulated that the draft financing decisions drawn up by the Bank for operations not covered by its own resources should be submitted for opinion to a committee of representatives of the Governments of the Member States;
Whereas work by the Commission and the Bank to apply the Protocols should be harmonized;
Whereas on 16 July 1974 the Council adopted a resolution on the harmonization and coordination of Member States' cooperation policies,