Local view for "http://purl.org/linkedpolitics/eu/plenary/2011-12-01-Speech-4-244-000"
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"en.20111201.35.4-244-000"2
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"This proposal discusses amendments made to a Council regulation regarding repayable assistance and financial engineering. Member States have had great success with repayable assistance schemes from 2000 to 2006 and have now started implementing these repayable assistance schemes in the programming for 2007-2013. In July of 2006, Council Regulation No 1083/2006 gave the general provisions on the European Regional Development Fund, the European Social Fund and the Cohesion Fund and repealing Regulation 1260/1999. These provisions laid out the rules for financial assistance, but the repayable assistance plans in the form of reimbursement grants and credit lines that Member States adopted were not completely covered by the provisions of Regulation No 1083/2006. I thus agree with the rapporteur in that it is necessary in accordance with Article II of Council Regulation No 1081/2006 to make amendments that allow Structural Funds to cofinance repayable assistance. Such amendments need to include the following provisions: the financial resources used during repayable assistance must be reimbursed by beneficiaries, enhanced transparency and more efficient execution of financial engineering resources, and making clear that provisions on major projects are not applicable for repayable assistance."@en1
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