Considerations on COM(2007)582 - Fixing of the financial contributions to be paid by the Member States contributing to the European Development Fund (first instalment for 2008)

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dossier COM(2007)582 - Fixing of the financial contributions to be paid by the Member States contributing to the European Development Fund (first ...
document COM(2007)582 EN
date October 10, 2007
 
(1) The first subparagraph of Article 38(2) of the 9th EDF Financial Regulation stipulates that the Commission is to present the proposal for the first instalment of the following year by 15 October at the latest, with the communication referred to in Article 8(1) of that Financial Regulation containing a statement of the payments to be made in the following financial year and the schedule of calls for contributions.

(2) The first subparagraph of Article 38(2) of the 9th EDF Financial Regulation requires the Council to decide on this instalment by the end of the current year and the Member States to pay the contributions due under this instalment by 21 January of the following year.

(3) In accordance with the first paragraph of Article 121 of the 9th EDF Financial Regulation, the European Investment Bank has sent the Commission its estimates of commitments and payments.

(4) Paragraphs (2), (3) and (4) of Article 133 of the 9th EDF Financial Regulation stipulate that the procedure for calling for contributions under the 9th EDF also applies to the execution of decisions under previous Funds.