EUROPEAN COMMUNITIES (FINANCE) BILL

The purpose of the bill is to:

• amend the European Communities Act 1972 to include the revised decision on the Communities' system of own resources (Own Resources Decision (ORD)).

The main benefits of the bill are:

• The Bill will provide for the new ORD to have effect in UK law. (Cf. House of Commons Research Paper 01/62).
• The ORD details the system by which Member States finance the annual EC Budget and its inclusion in UK law enables the UK to make payments direct from the Consolidated Fund.

The main elements of the bill are:

• Amendment of paragraph (e) of section 1(2) of the European Communities Act 1972 so as to include the revised Own Resources Decision (ORD).
• The repeal of the European Communities (Finance) Act 2001 (c 22).

The Bill would apply to:

• The United Kingdom.

Existing Legislation in this area is:

• The European Communities (Finance) Act 2001 which will be repealed by clause 2 of this Bill.

Comments:

If you have any comments on the draft programme or individual bill being proposed, you can email them to:

legislation@commonsleader.x.gsi.gov.uk