2011/0210(COD)

Structural Funds: repayable assistance, financial engineering and certain provisions related to the statement of expenditure

Procedure completed

2011/0210(COD) Structural Funds: repayable assistance, financial engineering and certain provisions related to the statement of expenditure
RoleCommitteeRapporteurShadows
Opinion BUDG
Opinion CONT GEIER Jens (S&D)
Opinion EMPL
Lead REGI HÜBNER Danuta Maria (EPP)
Lead committee dossier: REGI/7/06695
Legal Basis TFEU TFEU 177-p1
Subjects
Links

Activites

  • 2011/12/20 Final act published in Official Journal
  • 2011/12/13 Final act signed
  • 2011/12/13 End of procedure in Parliament
  • 2011/12/12 Act adopted by Council after Parliament's 1st reading
  • #3134
  • 2011/12/12 Council Meeting
  • 2011/12/06 CSL Final Agreement
  • 2011/12/01 Text adopted by Parliament, 1st reading/single reading
    • T7-0526/2011 summary
    • Results of vote in Parliament
  • 2011/11/16 Committee report tabled for plenary, 1st reading/single reading
  • 2011/11/14 Vote in committee, 1st reading/single reading
  • 2011/10/27 Economic and Social Committee: opinion, report
  • 2011/10/14 Deadline Amendments
  • 2011/10/05 Committee draft report
  • 2011/09/13 Committee referral announced in Parliament, 1st reading/single reading
  • 2011/08/01 EP officialisation
  • 2011/08/01 Legislative proposal
    • COM(2011)0483 summary
    • DG Regional Policy, HAHN Johannes

Documents

Votes

A7-0380/2011 - Danuta Maria Hübner - Vote unique

2011/01/12
Position Total ALDE ECR EFD GUE/NGL NI PPE S&D Verts/ALE correctional
For 592 72 47 16 28 11 218 151 49 0
Against 18 0 2 7 0 9 0 0 0 0
Abstain 13 0 2 0 2 2 7 0 0 0
AmendmentsDossier
33 2011/0210(COD) Structural Funds: repayable assistance, financial engineering and certain provisions related to the statement of expenditure
2011/10/05 REGI, REGI 21 amendments...
source: PE-473.697
2011/10/17 REGI 6 amendments...
source: PE-473.995
2011/10/18 CONT 6 amendments...
source: PE-473.973

History

(these mark the time of scraping, not the official date of the change)

2012-02-09
activities added
  • body
    EP
    date
    2011-08-01
    type
    EP officialisation
  • date
    2011-08-01
    docs
    • url
      http://eur-lex.europa.eu/smartapi/cgi/sga_doc?smartapi!celexapi!prod!DocNumber&lg=EN&type_doc=COMfinal&an_doc=2011&nu_doc=0483&model=guicheti
      text
      • PURPOSE: to clarify Council Regulation (EC) No 1083/2006 as regards repayable assistance and financial engineering.

        PROPOSED ACT: Regulation of the European Parliament and of the Council.

        BACKGROUND: Member States have had positive experiences with repayable assistance schemes at the level of operations during the programming period 2000-2006 and have therefore continued such schemes or have started to implement repayable assistance schemes in the current programming period 2007-2013. Some Member States have also included descriptions of those schemes in their programming documents, which were approved by the Commission.

        Council Regulation (EC) No 1083/2006 laying down general provisions on the European Regional Development Fund, the European Social Fund and the Cohesion Fund set out financial engineering instruments with precise areas and scope of intervention. However, the schemes implemented by Member States in the form of reimbursable grants and of credit lines managed by managing authorities via intermediate bodies are neither appropriately covered by the provisions on financial engineering instruments, nor by other provisions of Regulation (EC) No 1083/2006.

        It is therefore necessary to set out in a new Section of Regulation (EC) No 1083/2006 that the Structural Funds may co-finance repayable assistance. That Section should cover reimbursable grants and credit lines managed by the managing authority through intermediate bodies which are public financial institutions.

        IMPACT ANALYSIS: the present proposal will clarify the use of repayable forms of assistance at project level, a practice which has been well established in the programming period 2000-2006 and will give the use of structural funds a further boost and higher leverage.

        The proposal aims to provide clarity about the legality of an existing legal practice. The main expected impact is thus the reduction of legal risk.

        LEGAL BASIS:  Article 177 of the Treaty on the Functioning of the European Union (TFEU).

        CONTENT: the proposal seeks to provide legal security at the level of European Union that support provided by Member States through Structural Funds to schemes based on repayable forms of assistance implemented lawfully in the previous programming period and/or started in the current period but not having the characteristics of financial engineering instruments are permitted and legitimate under the present Structural Fund regulations.

        The proposed modifications to the current regulatory framework are as follows:

        • provides for a definition of reimbursable grant as a direct financial contributions by way of donation which can be totally or partially reimbursable without interest;
        • establish that the Structural Funds may finance expenditure in respect of an operation comprising contributions to support repayable assistance. This provision covers reimbursable grants and credit lines managed by the managing authority through intermediate bodies which are "in-house" public financial institutions;
        • clarify that the assistance repaid, to the body providing the assistance or to another competent public authority of the Member State shall be kept in a separate account and reused to the same purpose or in line with the objectives of the operational programme;
        • clarify that provisions regarding major projects, revenue generating projects and durability of operations shall not, as a matter of principle, apply to financial engineering instruments under, since these rules are rather conceived for other types of assistance;
        • introduce reporting of financial engineering instruments, having regard to the need to ensure appropriate monitoring, by the Member States as well as by the Commission, of the implementation of financial engineering instruments;
        • introduce a legal obligation in order to ensure that the financial contribution paid by managing authorities for establishing or contributing to financial engineering instruments is spent for eligible expenditure within a timeframe of two years of the payment into the fund.

        BUDGETARY IMPLICATION: there is no impact on commitment appropriations since no modification is proposed to the maximum amounts of Structural Funds financing provided for in the Operational Programmes for the programming period 2007-2013.

      celexid
      CELEX:52011PC0483:EN
      type
      Legislative proposal published
      title
      COM(2011)0483
    body
    EC
    commission
    • DG
      Regional Policy
      Commissioner
      HAHN Johannes
    type
    Legislative proposal
  • date
    2011-09-13
    body
    EP
    type
    Committee referral announced in Parliament, 1st reading/single reading
    committees
  • date
    2011-10-05
    docs
    • url
      http://www.europarl.europa.eu/sides/getDoc.do?type=COMPARL&mode=XML&language=EN&reference=PE473.697
      type
      Committee draft report
      title
      PE473.697
    body
    EP
    type
    Committee draft report
  • body
    EP
    date
    2011-10-14
    type
    Deadline Amendments
  • date
    2011-10-27
    docs
    • url
      http://eescopinions.eesc.europa.eu/eescopiniondocument.aspx?language=EN&docnr=1587&year=2011
      title
      CES1587/2011
      type
      Economic and Social Committee: opinion, report
      celexid
      CELEX:52011AE1587:EN
    body
    ESOC
    type
    Economic and Social Committee: opinion, report
  • date
    2011-11-14
    text
    • The Committee on Regional Development adopted the
      report by Danuta Maria HUBNER (EPP, PL) on the proposal for a
      regulation of the European Parliament and of the Council amending
      Council Regulation (EC) No 1083/2006 as regards repayable
      assistance and financial engineering.
      It recommended that the European Parliament’s
      position at first reading, under the ordinary legislative
      procedure, should be to amend the Commission proposal. The main
      amendments are as follows:
      “Credit line”:
      this is defined in the amended text as a financial facility
      allowing the beneficiary to draw down the financial contribution,
      which can be totally or partially reimbursable, in relation to
      expenditure paid by the beneficiary and supported by receipted
      invoices or accounting documents of equivalent probative
      value."
      Attachment to the statement of
      expenditure: Members consider that an
      attachment to each statement of expenditure must include
      information on the amount of total expenditure paid in establishing
      financial engineering instruments and on the advances paid to the
      beneficiaries in the context of State aid. The format of the
      attachment is defined in the Annex IVa to Regulation (EC) 1083/2006
      for the purpose of legal security and consistency. However, the
      practical implementation of the collection of data necessary for
      this purpose shall be conducted at national level and, as far as
      the applicable legal framework allows it, it should not result in a
      modification of national computer systems. A standard form of the
      attachment is set out in Annex IVa, The
      attachment shall indicate the
      following information in relation to the amount of total
      expenditure included therein:
      as regards financial engineering instruments, the
      total expenditure paid in establishing or contributing to such
      funds or holding funds and the corresponding public
      contribution;
      as regards advances paid in the context of State aid,
      the total expenditure paid in the form of advances to the
      beneficiaries by the body granting the aid and the corresponding
      public contribution."
      Reports on implementation of financial engineering
      instruments: Members add that reports
      must cover the progress in the financing and implementation of
      financial engineering instruments, namely: (i) description of
      the financial engineering instrument and implementation
      arrangements; (ii) identification of the entities which
      implement the financial engineering instrument, including those
      acting through holding funds; (iii) amounts of the assistance
      from the Structural Funds and national co-financing paid to the
      financial engineering instrument.
      In addition, the committee stipulated that every year,
      by 1 October, the Commission shall provide a summary of the data on
      the progress in the financing and implementation of financial
      instruments, provided by the managing authorities of the Member
      States.
      Reuse of repayable assistance: the committee states that Member States must ensure
      an adequate record of the assistance repaid in the accounting
      system of the appropriate authority or body.
    body
    EP
    committees
    type
    Vote in committee, 1st reading/single reading
  • date
    2011-11-16
    docs
    • url
      http://www.europarl.europa.eu/sides/getDoc.do?type=REPORT&mode=XML&reference=A7-2011-0380&language=EN
      type
      Committee report tabled for plenary, 1st reading/single reading
      title
      A7-0380/2011
    body
    EP
    committees
    type
    Committee report tabled for plenary, 1st reading/single reading
  • date
    2011-12-01
    docs
    body
    EP
    type
    Text adopted by Parliament, 1st reading/single reading
  • body
    CSL
    date
    2011-12-06
    type
    CSL Final Agreement
  • date
    2011-12-12
    body
    type
    Act adopted by Council after Parliament's 1st reading
  • date
    2011-12-12
    body
    CSL
    type
    Council Meeting
    council
    Transport, Telecommunications and Energy
    meeting_id
    3134
  • date
    2011-12-13
    body
    type
    Final act signed
  • date
    2011-12-13
    body
    EP
    type
    End of procedure in Parliament
  • date
    2011-12-20
    docs
    type
    Final act published in Official Journal
committees added
  • body
    EP
    responsible
    False
    committee_full
    Budgets
    committee
    BUDG
  • body
    EP
    responsible
    False
    committee
    CONT
    date
    2011-09-22
    committee_full
    Budgetary Control
    rapporteur
    • group
      S&D
      name
      GEIER Jens
  • body
    EP
    responsible
    False
    committee_full
    Employment and Social Affairs
    committee
    EMPL
  • body
    EP
    responsible
    True
    committee
    REGI
    date
    2011-10-05
    committee_full
    Regional Development
    rapporteur
    • group
      EPP
      name
      HÜBNER Danuta Maria
links added
National parliaments
European Commission
other added
  • body
    EC
    dg
    Regional Policy
    commissioner
    HAHN Johannes
procedure added
dossier_of_the_committee
REGI/7/06695
reference
2011/0210(COD)
subtype
Legislation
legal_basis
  • Treaty on the Functioning of the EU TFEU 177-p1
stage_reached
Procedure completed
summary
  • Amending Regulation (EC) No 1083/2006
instrument
Regulation
title
Structural Funds: repayable assistance, financial engineering and certain provisions related to the statement of expenditure
type
COD - Ordinary legislative procedure (ex-codecision)
final
subject

code AGPLv3.0+, data ODBLv1.0, site-content CC-By-Sa-3.0
© European Union, 2011 – Source: European Parliament