Avis juridique important
85/537/Euratom: Council Decision of 5 December 1985 amending Decision 77/271/Euratom as regards the total amount of Euratom loans which the Commission is empowered to contract for the purpose of contributing to the financing of nuclear power stations
Official Journal L 334 , 12/12/1985 P. 0023 - 0023
Spanish special edition: Chapter 12 Volume 5 P. 0009
Portuguese special edition Chapter 12 Volume 5 P. 0009
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COUNCIL DECISION
of 5 December 1985
amending Decision 77/271/Euratom as regards the total amount of Euratom loans which the Commission is empowered to contract for the purpose of contributing to the financing of nuclear power stations
(85/537/Euratom)
THE COUNCIL OF THE EUROPEAN COMMUNITIES,
Having regard to the Treaty establishing the European Atomic Energy Community,
Having regard to Council Decision 77/270/Euratom of 29 March 1977 empowering the Commission to issue loans for the purpose of contributing to the financing of nuclear power stations (1), and in particular Article 1 thereof,
Having regard to the proposal from the Commission,
Whereas the loan level of 1 800 million ECU mentioned in Decision 77/271/Euratom (2), as last amended by Decision 82/170/Euratom (3), has been reached;
Whereas experience indicates that it is desirable to raise, by 1 000 million ECU, the total amount of loans which the Commission is empowered to contract on behalf of the European Atomic Energy Community;
Whereas it is therefore necessary to amend Decision 77/271/Euratom,
HAS DECIDED AS FOLLOWS:
Sole Article
The Sole Article of Decision 77/271/Euratom is hereby replaced by the following:
'Sole Article
Loans as provided for in Article 1 of Decision 77/270/Euratom may be contracted for amounts the total principal of which shall not exceed the equivalent of 3 000 million ECU.
When the total value of the transactions effected reaches 2 800 million ECU, the Commission shall inform the Council, which, acting unanimously on a proposal from the Commission, shall decide on the fixing of a new amount as soon as possible.'.
Done at Brussels, 5 December 1985.
For the Council
The President
J.-C. JUNCKER
(1) OJ No L 88, 6. 4. 1977, p. 9.
(2) OJ No L 88, 6. 4. 1977, p. 11.
(3) OJ No L 78, 24. 3. 1982, p. 21.
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