Regulation 1978/352 - Crediting of securities, deposits and guarantees furnished under the common agricultural policy and subsequently forfeited

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Contents

  1. Current status
  2. Key information
  3. Key dates
  4. Legislative text
  5. Original proposal
  6. Sources and disclaimer
  7. Full version
  8. EU Monitor

1.

Current status

This regulation was in effect from January  1, 1978 until December 31, 2013.

2.

Key information

official title

Council Regulation (EEC) No 352/78 of 20 February 1978 on the crediting of securities, deposits and guarantees furnished under the common agricultural policy and subsequently forfeited
 
Legal instrument Regulation
Number legal act Regulation 1978/352
Original proposal COM(1976)25 EN
CELEX number i 31978R0352

3.

Key dates

Document 20-02-1978
Publication in Official Journal 22-02-1978; OJ L 50, 22.2.1978,Special edition in Maltese: Chapter 03 Volume 003,Special edition in Bulgarian: Chapter 03 Volume 002,Special edition in Czech: Chapter 03 Volume 003,Special edition in Finnish: Chapter 03 Volume 009,Special edition in Estonian: Chapter 03 Volume 003,Special edition in Polish: Chapter 03 Volume 003,Special edition in Lithuanian: Chapter 03 Volume 003,Special edition in Spanish: Chapter 03 Volume 013,Special edition in Hungarian: Chapter 03 Volume 003,Special edition in Romanian: Chapter 03 Volume 002,Special edition in Slovenian: Chapter 03 Volume 003,Special edition in Slovak: Chapter 03 Volume 003,Special edition in Latvian: Chapter 03 Volume 003,Special edition in Croatian: Chapter 03 Volume 030,Special edition in Portuguese: Chapter 03 Volume 013,Special edition in Swedish: Chapter 03 Volume 009,Special edition in Greek: Chapter 03 Volume 020
Effect 01-01-1978; Application See Art 6
22-02-1978; Entry into force Date pub. See Art 6
End of validity 31-12-2013; Repealed by 32013R1306

4.

Legislative text

22.2.1978   

EN

Official Journal of the European Communities

L 50/1
 

COUNCIL REGULATION (EEC) No 352/78

of 20 February 1978

on the crediting of securities, deposits and guarantees furnished under the common agricultural policy and subsequently forfeited

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 Council Regulation (EEC) No 729/70 of 21 April 1970 on the financing of the common agricultural policy (1), as last amended by Regulation (EEC) No 2788/72 (2), and in particular Article 2 (2) and Article 3 (2) thereof,

Having regard to the proposal from the Commission,

Having regard to the opinion of the European Parliament (3),

Whereas under Community regulations numerous securities are required in connection with operations relating to agricultural products; whereas provision must be made for the crediting of such securities in cases where they are forfeited;

Whereas in most cases where securities are forfeited the European Agricultural Guidance and Guarantee Fund (EAGGF) suffers a financial loss either because it has financed a measure and the operator has failed to meet his obligations or because such failure by the operator subsequently involves the EAGGF in expenditure; whereas such loss should consequently be remedied by using forfeited securities to reduce EAGGF expenditure;

Whereas, however, securities which do not cover a risk of financial loss by the EAGGF should be retained by the Member States;

Whereas securities forfeited in respect of food-aid operations should be used to reduce the food-aid expenditure concerned;

Whereas it is also right that securities forfeited as part of a specific operation should be used to reduce the expenditure relating to that type of operation;

Whereas similar rules already exist in certain sectors; whereas they should be repealed,

HAS ADOPTED THIS REGULATION:

Article 1

  • 1. 
    This Regulation shall apply to any security, deposit or guarantee furnished pursuant to provisions adopted under the common agricultural policy (hereinafter referred to as ‘security’).
  • 2. 
    However, this Regulation shall not apply to any security furnished
 

(a)

in connection with the issue of export or import licences with or without advance fixing of amounts;
 

(b)

under a tendering procedure for the sole purpose of ensuring the submission by tenderers of genuine tenders;
 

(c)

in order to guarantee payment of a duty constituting part of the Communities' own resources as defined in Decision 70/243/ECSC, EEC, Euratom (4), where the amount of such duty has already been determined pursuant to Article 2 (1) of Regulation (EEC, Euratom, ECSC) No 2891/77 (5) and made available to the Commission.

Article 2

  • 1. 
    Any security referred to in Article 1 which is forfeited shall be used in its entirety by the paying authorities or bodies in the Member States to reduce EAGGF expenditure.
  • 2. 
    However, any security which is forfeited in respect of food-aid operations shall be used by the paying authorities or bodies in the Member States to reduce the food-aid expenditure concerned.

Article 3

  • 1. 
    Any security referred to in Article 2 (1) shall be deducted:
 

(a)

from the refunds concerned if the completed or proposed operation in respect of which the security was furnished concerns trade with third countries;
 

(b)

from the intervention expenditure concerned in all other cases.
  • 2. 
    If the expenditure chargeable to the EAGGF is supported by accounts, such accounts shall be credited with any security referred to in Article 2 (1).

Article 4

Article 14 of Council Regulation (EEC) No 2306/70 of 10 November 1970 on the financing of intervention expenditure in respect...


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This text has been adopted from EUR-Lex.

5.

Original proposal

 

6.

Sources and disclaimer

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7.

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