S.I. No. 30/1999 - European Communities (State Financial Transactions) (Amendment) Regulations, 1999

I, CHARLIE McCREEVY, Minister for Finance, in exercise of the powers conferred on me by section 3 of the European Communities Act, 1972 (No. 27 of 1972), hereby make the following regulations:

1. These Regulations may be cited as the European Communities (State Financial Transactions) (Amendment) Regulations, 1999.

2. Regulation 6 of the European Communities (State Financial Transactions) Regulations, 1972 ( S.I. No. 329 of 1972 ), is hereby amended by the substitution for paragraph (1) of the following paragraph:

“(1) Advances may be made from the Central Fund or the growing produce thereof to the Minister for Agriculture and Food and the Minister for the Marine and Natural Resources to enable them to discharge functions in connection with the common agricultural policy of the European Communities.”.

EXPLANATORY NOTE.

(This note is not part of the Instrument and does not purport to be a legal interpretation.)

These Regulations extend the remit of the European Communities (State Financial Transactions) Regulations 1972 which provide that advances may be made from the Central Fund to the Minister for Agriculture and Food for the funding of the Common Agricultural Policy, by providing that advances may also be made to the Minister for the Marine and Natural Resources.