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Transfer of balances remaining from previous EDFs
Transfers to the 11th EDF of the balances remaining from resources constituted under the Internal Agreements relating to the previous EDFs shall be made in accordance with point (b) of Article 1(2), (3) and (4) of the Internal Agreement.
Revenue from interest on resources of previous EDFs
The balance of revenue accruing from interest on the resources of previous EDFs shall be transferred to the 11th EDF and allocated for the same purposes as the revenue provided for in Article 1(6) of the Internal Agreement. The same shall apply to miscellaneous revenue of previous EDFs comprising, for example, default interest received in the event of late payment of contributions to those EDFs by Member States. The interest generated by the previous EDF resources managed by the EIB shall supplement the Investment Facility.
Reduction of contributions by remaining balances
The amounts from projects under the 10th EDF or from other previous EDFs not committed according to Article 1(3) of the Internal Agreement, or decommitted according to Article 1(4) of the Internal Agreement, unless decided otherwise by the Council unanimously, shall reduce that part of Member States' contributions stated in point (a) of Article 1(2) of the Internal Agreement. The impact on the contribution of each Member State shall be calculated in proportion to the contribution of each Member State to the 9th and 10th EDF. The impact shall be calculated annually.
Application of this Regulation to operations under previous EDFs
This Regulation shall apply to operations financed from previous EDFs without prejudice to existing legal commitments. This Regulation shall not apply to the Investment Facility under previous EDFs.
Commencement of contribution procedures
The procedure concerning Member States' contributions laid down in Articles 19 to 22 shall apply for the first time with regard to the contributions of the year n + 2, provided that the Internal Agreement enters into force between 1 October of year n and 30 September of year n + 1.
Repeal
Regulation (EU) 2015/323 is hereby repealed. References to the repealed Regulation shall be construed as references to this Regulation and shall be read in accordance with the correlation table in the Annex.
Entry into force and application
This Regulation shall enter into force on the third day following that of its publication in the Official Journal of the European Union .
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