Council Regulation (EEC) No 3641/85 of 20 December 1985 amending Regulation (EEC) No 1787/84 on the European Regional Development Fund

COUNCIL  REGULATION (EEC) No 3641/85
of 20 December 1985
amending Regulation (EEC) No 1787/84 on the European Regional Development Fund
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community, and in particular Article 235 thereof,
Having regard to the proposal from the Commission (1),
Having regard to the opinion of the European Parliament (2),
Having regard to the opinion of the Economic and Social Committee (3),
Whereas Regulation (EEC) No 1787/84 (4) lays down the provisions governing the operations of the European Regional Development Fund (ERDF);
Whereas the Treaty of Accession of Spain and Portugal will enter into force on 1 January 1986, subject to the instruments of ratification being lodged before that date;
Whereas the conditions for the participation of the new Member States in the ERDF's resources with effect from 1 January 1986 should therefore be defined;
Whereas, as provided for in the Act of Accession of Spain and Portugal, the provisions of Regulation (EEC) No 1787/84 laying down the lower and upper limits of the range allocated to each Member State should be adjusted;
Whereas, in the interests of effective management of the ERDF's resources, the reference periods to which these limits apply should be harmonized;
Whereas the development of the Portuguese regions requires considerable financial support and whereas, on account of the insufficiency of the financial resources which Portugal is able to channel into investment, provision should be made during a transitional period for an increase in the rates of ERDF assistance for measures concerning Portugal,