82/268/EEC: Council Decision of 26 April 1982 applying Decision 82/169/EEC empowering the Commission to contract loans for the purpose of promoting investment within the Community

• CELEX: Decision 82/169/EEC
• Articles: 3

Article 1

A single tranche of borrowings is hereby authorized for an amount which shall not exceed the equivalent of 1 000 million ECU in principle.

Article 2

The proceeds of these borrowings shall be lent to finance investment projects which are carried out on Community territory and which help attain the priority Community's objectives in the energy and infrastructure sectors and for the promotion of small and medium-sized undertakings.

For the purposes of this tranche the investment shall cover:

(a) the efficient use of energy, the replacement of oil by other sources of energy in all sectors and infrastructure projects facilitating such replacement;

(b) infrastructure projects contributing to regional development and/or of Community interest, including transport, telecommunications and information technology, the transmission of energy, water supply infrastructure and environmental protection;

(c) productive investment projects of small and medium-sized undertakings.

Article 3

The Commission shall decide whether or not projects are eligible in accordance with the following guidelines:

- the provisions of Article 2 in order to meet the Community's principal economic problems,

- the provisions of the Treaty and secondary legislation, in particular those relating to competition, and Community rules and policies applicable in the fields in question.

Done at Luxembourg, 26 April 1982.

For the Council

The President

W. DE CLERCQ

(1) OJ No L 78, 24. 3. 1982, p. 19.

(2) OJ No C 29, 6. 2. 1982, p. 5.

(3) Opinion delivered on 23 April 1982 (not yet published in the Official Journal).