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Document 11957E207

TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PART FIVE - INSTITUTIONS OF THE COMMUNITY, TITLE II - FINANCIAL PROVISIONS, ARTICLE 207

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ELI: http://data.europa.eu/eli/treaty/teec/art_207/sign

11957E207

TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY, PART FIVE - INSTITUTIONS OF THE COMMUNITY, TITLE II - FINANCIAL PROVISIONS, ARTICLE 207


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Article 207

The budget shall be drawn up in the unit of account determined in accordance with the provisions of the regulations made pursuant to Article 209 .

The financial contributions provided for in Article 200 ( 1 ) shall be placed at the disposal of the Community by the Member States in their national currencies .

The available balances of these contributions shall be deposited with the Treasuries of Member States or with bodies designated by them . While on deposit , such funds shall retain the value corresponding to the parity , at the date of deposit , in relation to the unit of account referred to in the first paragraph .

The balances may be invested on terms to be agreed between the Commission and the Member State concerned .

The regulations made pursuant to Article 209 shall lay down the technical conditions under which financial operations relating to the European Social Fund shall be carried out .

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