The Treaty of the European Union, Maastricht Treaty, 7th February, 1992European Union
History
The Treaty of the European Union, Maastricht Treaty, 7th February, 1992
European Union
Europe -- Economic integration; European Union; European federation
"CHAPTER 5
EUROPEAN INVESTMENT BANK
ARTICLE 198d
The European Investment Bank shall have legal personality.
The members of the European Investment Bank shall be the Member
States.
The Statute of the European Investment Bank is laid down in a
Protocol annexed to this Treaty.
ARTICLE 198e
The task of the European Investment Bank shall be to contribute, by
having recourse to the capital market and utilizing its own resources,
to the balanced and steady development of the common market in the
interest of the Community. For this purpose the Bank shall, operating
on a non-profit-making basis, grant loans and give guarantees which
facilitate the financing of the following projects in all sectors of the
economy:
(a) projects for developing less-developed regions;
(b) projects for modernizing or converting undertakings or for
developing fresh activities called for by the progressive establishment
of the common market, where these projects are of such a size or
nature that they cannot be entirely financed by the various means
available in the individual Member States;
(c) projects of common interest to several Member States which are of
such a size or nature that they cannot be entirely financed by the
various means available in the individual Member States.
In carrying out its task, the Bank shall facilitate the financing of
investment programmes in conjunction with assistance from the
structural Funds and other Community Financial instruments."
69) Article 199 shall be replaced by the following:
"ARTICLE 199
All items of revenue and expenditure of the Community, including
those relating to the European Social Fund, shall be included in
estimates to be drawn up for each financial year and shall be shown in
the budget.
Administrative expenditure occasioned for the institutions by the
provisions of the Treaty on European Union relating to common
foreign and security policy and to co-operation in the fields of justice
and home affairs shall be charged to the budget. The operational
expenditure occasioned by the implementation of the said provisions
may, under the conditions referred to therein, be charged to the
budget.
The revenue and expenditure shown in the budget shall be in
balance."
70) Article 200 shall be repealed.
71) Article 201 shall be replaced by the following:
"ARTICLE 201
Without prejudice to other revenue, the budget shall be financed
wholly from own resources.
The Council, acting unanimously on a proposal from the Commission
and after consulting the European Parliament, shall lay down
provisions relating to the system of own resources of the Community,
which it shall recommend to the Member States for adoption in
accordance with their respective constitutional requirements."
72) The following Article shall be inserted:
"ARTICLE 201a
With a view to maintaining budgetary discipline, the Commission shall
not make any proposal for a Community act, or alter its proposals, or
adopt any implementing measure which is likely to have appreciable
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