Legal provisions of COM(2017)68 - Amendment of Council Regulation 560/2014 establishing the Bio-based Industries Joint Undertaking

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dossier COM(2017)68 - Amendment of Council Regulation 560/2014 establishing the Bio-based Industries Joint Undertaking.
document COM(2017)68 EN
date January 23, 2018

Contents

Article 1

Article 12 of the Statutes of the Bio-based Industries Joint Undertaking, as set out in the Annex to Regulation (EU) No 560/2014, is amended as follows:

(1)in paragraph 3, point (b) is replaced by the following:

‘(b)financial contributions by the members other than the Union or their constituent entities;’;

(2)paragraph 4 is replaced by the following:

‘4.   The financial contributions by the members other than the Union or their constituent entities to the operational costs referred to in paragraph 3(b) shall be at least EUR 182 500 000 over the period provided for in Article 1 of this Regulation.

These financial contributions shall be made as payments to the BBI Joint Undertaking or as financial contributions to indirect actions funded by the BBI Joint Undertaking.’.

Article 2

This Regulation shall enter into force on the twentieth day following that of its publication in the Official Journal of the European Union.

This Regulation shall be binding in its entirety and directly applicable in all Member States.