Author (Corporate) | European Commission |
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Series Title | COM |
Series Details | (2013) 736 final (28.10.13) |
Publication Date | 28/10/2013 |
Content Type | Policy-making |
The Internal Agreement and Financial Regulation of the 10th EDF provide for a procedure for the calls for contributions to be paid by Member States to finance the EDF. This proposal covers: The amount managed by the Commission and the amount managed by the EIB are specified for each. The Council must decide on this proposal by 15 November 2013 and Member States must pay the first instalment of the contribution at the latest by 21 January 2014. Calls for contributions should first use up the amounts available from previous EDFs, one after the other. Taking into account that the EIB doesn’t call for contributions for the first instalment, this proposal therefore concerns only amounts under the 10th EDF for the Commission. The EIB has sent the Commission its updated estimates of commitments and payments under the instruments it manages. In accordance with Article 60 of the 10th EDF Financial Regulation, a Member State which fails to pay the instalment of the contribution due by the deadline will be required to pay interest on the amount unpaid; the arrangements for the payment of interest are specified in the same Article. |
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Source Link | Link to Main Source http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=COM:2013:736:FIN |
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Subject Categories | Politics and International Relations |
Countries / Regions | Europe |