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The Commission may, in accordance with the conditions laid down hereinafter, grant support for the carrying out of projects concerning uranium prospecting programmes (Annex A) intended to identify new sources of uranium within the territories of the Member States and which could make a major contribution in ensuring the Community's supply of uranium. The responsibility for each of the projects supported must devolve upon a Member State or a natural or a legal person constituted in Member States in accordance with the laws in force there.If the creation of a legal entity to undertake a project could involve additional costs for the participating firms, such a project may be carried out by simple cooperation between natural or legal persons. In this case, these persons shall be jointly and severally liable for the obligations resulting from Community support. The support granted to a project shall take the form of the Commission's participation in the financing of this project as part of the appropriations made for this purpose in the general budget of the Communities. 1. Any project emanating from a Member State or from any other source shall be submitted for examination by the Commission.2. Every project must be accompanied by a report which shall give: (a) the natural or legal person responsible for the project, his financial situation and technical capacities;(b) the measures of support, agreed to or anticipated, by the Member States for the implementation of the project;(c) a detailed description of the project, according to Annex B and especially: - the nature and extent of the risks involved in the project,- the cost of the project and the methods of financing for its implementation,- any other factor justifying the nature and the extent of the support which the Commission proposes should be granted to the project, especially if the project includes technological innovations,- the time-scale for the project. The Commission shall determine the level and the conditions of the support referred to in Article 3. Each beneficiary of such support shall periodically submit to the Commission reports on the progress of work on the project and on the expenditure involved in its implementation.The Commission shall at all times be able to exercise technical and financial control on the implementation of the project. This Regulation shall enter into force on the day following its publication in the Official Journal of the European Communities.This Regulation shall be binding in its entirety and directly applicable in all Member States.
Output:
Commission Regulation on the support of projects concerning uranium prospecting programmes within the territories of the Member States