Council Regulation (EEC) No 2048/88 of 24 June 1988 amending Regulation (EEC) No 729/70 on the financing of the common agricultural policy

COUNCIL REGULATION (EEC) N° 2048/88
of  24 June 1988
amending Regulation (EEC) N° 729/70 on the financing of the common agricultural  policy
THE COUNCIL OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community, and in particular Article  43 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 Court of Auditors (3),
Whereas by Regulation (EEC) N° 3183/87 (4), the Council adapted its Regulation (EEC) N° 729/70 (5)  with a view to enabling the Community to ensure the financing of the expenditure provided for in  the various rules on the common market organizations in situations where relevant available  appropriations are exhausted; whereas the adaptation consists essentially in a two-month delay  between fundings by the Member States from their own financial resources and the booking of such  expenditure by the advance payments made to the Member States by the Community;
Whereas, with a view to ensuring continuity of the payments provided for by the said rules, the  two-month delay should be extended to two-and-a-half months, only for expenditure of the second two  weeks of the month of October,