Consolidated version of the Treaty establishing the European Atomic Energy Community 2016/C 203/01

TITLE IVU.K. SPECIFIC FINANCIAL PROVISIONS

Article 171U.K.

1.Estimates shall be drawn up for each financial year of all revenue and expenditure of the Community, other than those of the Agency and the Joint Undertakings, and such revenue and expenditure shall be shown either in the operating budget or in the research and investment budget.

The revenue and expenditure shown in each budget shall be in balance.

2.The revenue and expenditure of the Agency, which shall operate in accordance with commercial principles, shall be budgeted for in a special account.

The manner of estimating, implementing and auditing such revenue and expenditure shall be laid down, with due regard to the statutes of the Agency, in financial regulations made pursuant to Article 322 of the Treaty on the Functioning of the European Union.

3.The estimates of revenue and expenditure, together with the operating accounts and the balance sheets of the Joint Undertakings for each financial year, shall be placed before the Commission, the Council and the European Parliament in accordance with the statutes of those undertakings.

Article 172U.K.

1.(repealed)

2.(repealed)

3.(repealed)

4.Loans for the financing of research or investment shall be raised on terms fixed by the Council in the manner provided for in Article 314 of the Treaty on the Functioning of the European Union.

The Community may borrow on the capital market of a Member State, either in accordance with the legal provisions applying to internal issues, or, if there are no such provisions in a Member State, after the Member State concerned and the Commission have conferred together and have reached agreement upon the proposed loan.

The competent authorities of the Member State concerned may refuse to give their assent only if there is reason to fear serious disturbances on the capital market of that State.

Articles 173 and 173aU.K.

(repealed)

Article 174U.K.

1.The expenditure shown in the operating budget shall include in particular:

(a)administrative expenditure;

(b)expenditure relating to safeguards and to health and safety.

2.The expenditure shown in the research and investment budget shall include in particular:

(a)expenditure relating to the implementation of the Community research programme;

(b)any participation in the capital of the Agency and in its investment expenditure;

(c)expenditure relating to the equipment of training establishments;

(d)any participation in Joint Undertakings or in certain joint operations.

Article 175U.K.

(repealed)

Article 176U.K.

1.Subject to the limits resulting from programmes or decisions involving expenditure which, in pursuance of this Treaty, require the unanimous approval of the Council, allocations for research and investment expenditure shall include:

(a)commitment appropriations, covering a series of items which constitute a separate unit and form a coherent whole;

(b)payment appropriations which represent the maximum amount payable each year in respect of the commitments entered into under subparagraph (a).

2.The schedule of due dates for commitments and payments shall be annexed to the corresponding draft budget proposed by the Commission.

3.Appropriations for research and investment shall be classified under different chapters grouping items of expenditure according to their nature or purpose and subdivided, as far as may be necessary, in accordance with the regulations made pursuant to Article 322 of the Treaty on the Functioning of the European Union.

4.Unused payment authorisations shall be carried forward to the next financial year by decision of the Commission, unless the Council decides otherwise.

Articles 177 to 181U.K.

(repealed)

Article 182U.K.

1.The Commission may, provided it notifies the competent authorities of the Member States concerned, transfer into the currency of one of the Member States its holdings of currency of another Member State, to the extent necessary to enable them to be used for purposes which come within the scope of this Treaty. The Commission shall as far as possible avoid making such transfers if it possesses cash or liquid assets in the currencies which it needs.

2.The Commission shall deal with each Member State through the authority designated by the State concerned. In carrying out financial operations the Commission shall employ the services of the bank of issue of the Member State concerned or any other financial institutions approved by that State.

3.As regards expenditure which the Community has to incur in the currencies of third countries, the Commission shall, before the budgets are finally adopted, submit to the Council a programme indicating anticipated revenue and expenditure in the different currencies.

This programme shall be approved by the Council, acting by a qualified majority. It may be modified in the course of the financial year in accordance with the same procedure.

4.Member States shall provide the Commission with the currency of third countries needed for the expenditure shown in the programme provided for in paragraph 3 according to the scales laid down in Article 172. Amounts collected by the Commission in the currency of third countries shall be transferred to Member States in accordance with the same scales.

5.The Commission may freely make use of any amounts in the currency of third countries derived from loans it has raised in such countries.

6.The Council may, acting unanimously on a proposal from the Commission apply, in whole or in part, to the Agency and to Joint Undertakings the exchange arrangements provided for in the preceding paragraphs, and, where appropriate, adapt these arrangements to their operational requirements.

Articles 183 and 183aU.K.

(repealed)