EC laying down multiannual financial guidelines for managing the assets of the ECSC in liquidation and the Assets of the Research Fund for Coal and Steel - Main contents

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dossier	COM(2020)321 - Decision 2003/77/EC laying down multiannual financial guidelines for managing the assets of the ECSC in liquidation and the ...
document	COM(2020)321
date	July 19, 2021

Article 1

Decision 2003/77/EC is amended as follows:

(1)

the following Article is inserted:

‘Article 1a

The assets of the ECSC in liquidation and, on completion of the liquidation, the assets of the Research Fund for Coal and Steel shall be managed to provide annual payments within the limits of the annual allocation of EUR 111 million in order to finance collaborative research in the sectors related to the coal and steel industry. The annual payments shall be financed by the net revenue from the investments and by the revenues generated by selling part of the assets of the ECSC in liquidation and, on completion of the liquidation, the assets of the Research Fund for Coal and Steel, up to the annual amount set out by the designated service of the Commission based on Decision 2003/76/EC and Council Decision 2008/376/EC (*1).

(*1) Council Decision 2008/376/EC of 29 April 2008 on the adoption of the Research Programme of the Research Fund for Coal and Steel and on the multiannual technical guidelines for this programme (OJ L 130, 20.5.2008, p. 7).’;"

(2)	the Annex is replaced by the text in the Annex to this Decision.

Article 2

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

It shall apply from the date on which Decision (EU) 2021/1208 applies.