Commission Regulation (EEC) No 1866/90 of 2 July 1990 on arrangements for using the ecu for the purposes of the budgetary management of the Structural Funds

COMMISSION  REGULATION (EEC) No 1866/90
of 2 July 1990
on arrangements for using the ecu for the purposes of the budgetary management of the Structural Funds
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 4253/88 of 19 December 1988 laying down provisions for implementing Regulation (EEC) No 2052/88 as regards coordination of the activities of the different Structural Funds between themselves and with the operations of the European Investment Bank and the other existing financial instruments (1), and in particular Article 22 thereof,
After consultation of the Committee for the Developement and Reconversion of Regions and the Committee referred to in Article 124 of the Treaty;
Whereas, in connection with the Structural Funds, Article 22 of Regulation (EEC) No 4253/88 provides that Commission decisions, commitments and payments shall be denominated and carried out in ecus in accordance with arrangements to be drawn up; whereas that provision has not affected as such the agri-monetary arrangements laid down by the Council; whereas this Regulation does not affect the application by Member States, in respect of the amounts fixed in ecus by the Council within the framework of the policy on agricultural structures, of the conversion rate fixed in the Annexes to Council Regulation (EEC) No 1678/85 (2), as last amended by Regulation (EEC) No 1129/89 (3);
Whereas given the transitional character of Article 10 (3) of Council Regulation (EEC) No 4256/88 (4), it is obvious that the new system will only be applied, in the sector of the EAGGF guidance section relating to the marketing and processing of agricultural and forestry products, as well as of fishery products, to grant requests made after the entry in force of Council Regulations (EEC) No 866/90 (5) and (EEC) No 867/90 (6) envisaged under Article 10 (1) of Regulation (EEC) No 4256/88, for agricultural and forestry products, and after 31 December 1990 for fishery products;
Whereas the Committee on Agricultural Structures and Rural Development has not delivered an opinion in the time-limit laid down by its Chairman,