council decis februari establish measur implement protocol annex treati establish european commun financi consequ expiri ecsc treati research fund coal steel ec council european union regard treati establish european commun regard protocol annex treati establish european commun financi consequ expiri ecsc treati research fund coal steel articl thereof regard propos commiss regard opinion european parliament articl treati establish european coal steel commun ecsc treati expir juli protocol annex treati establish european commun hereinaft refer quot protocol quot transfer asset liabil ecsc european commun alloc net worth asset balanc sheet ecsc juli research sector relat coal steel industri asset consist resolut growth employ adopt european council meet amsterdam june resolut council repres govern member state meet council juli june determin distribut research appropri sector concern establish rule implement protocol decis make procedur adopt multiannu financi guidelin manag asset research fund coal steel multiannu technic guidelin research programm research fund coal steel hereinaft refer quot programm quot bear mind provid decis commiss respons manag asset accord relev provis treati establish european commun secondari legisl adopt basi thereof ecsc treati expir financi oper involv revenu expenditur outstand result implement ecsc oper budget earlier year ecsc borrow lend activ design institut respons wind oper establish procedur need entrust commiss wind decid procedur forc juli accord ecsc treati secondari legisl meet septemb commiss conclud reserv cover outstand loan cover member state guarante ecsc fund administ total approxim eur billion juli amount vari depend financi activ carri expiri ecsc treati debtor default liquid period juli order guarante annual stabil coal steel research instrument default ecsc debtor charg capit revenu fund research adopt decis articl commiss entrust wind financi oper european coal steel commun progress ecsc treati expir ecsc debtor default liquid period result loss charg exist capit revenu current year commiss write claim ecsc debtor default exhaust remedi includ call guarante mortgag caution bank guaranti commiss reserv action case debtor regain solvenc liquid conduct accord rule procedur appli oper commun institut enjoi exist power prerog provid ecsc treati secondari legisl forc juli articl asset manag commiss manner ensur long term return invest liquid asset aim highest yield compat secur council act qualifi major propos commiss consult european parliament adopt multiannu financi guidelin manag asset articl year profit loss account balanc sheet financi report drawn show separ financi oper remain commun liquid oper provid articl invest transact articl financi statement annex financi statement drawn commiss annual articl ec treati financi regul applic gener budget european commun power european parliament council court auditor control discharg set treati establish european commun financi regul applic gener budget european commun appli oper refer paragraph articl net revenu invest provid articl constitut revenu gener budget european union revenu earmark specif purpos financ research project sector relat coal steel industri cover research framework programm form research fund coal steel manag commiss revenu refer paragraph distribut alloc coal relat research steel relat research prove council act unanim propos commiss modifi breakdown coal relat research steel relat research multiannu technic guidelin programm adopt council act qualifi major propos commiss consult european parliament unus revenu appropri deriv revenu decemb year carri automat year appropri transfer budget item budgetari appropri cancel commit automat laps end financi year provis commit releas result cancel enter balanc sheet profit loss account provid articl return initi asset ecsc liquid subsequ complet liquid asset research fund coal steel amount recov similarli enter balanc sheet profit loss account articl net revenu financ research project year record balanc sheet ecsc liquid year complet liquid balanc sheet asset research fund coal steel order minimis fluctuat research fund due movement financi market smooth effect provis made conting detail calcul smooth determin size conting provis contain annex articl administr expenditur result liquid invest manag oper refer decis expenditur laid articl treati establish singl council singl commiss european commun april amount adjust council decis novemb met commiss gener budget european union articl commiss determin amount asset liabil ecsc balanc sheet close juli articl decis effect dai public offici journal european union appli juli articl decis address member state brussel februari council presid papandr oj oj oj oj oj annex procedur establish amount net revenu alloc research fund coal steel introduct net revenu financ research project correspond annual net result ecsc liquid subsequ liquid complet annual net result asset research fund coal steel method emploi consist establish fund coal steel research year produc balanc sheet year take account half increas decreas net result relat level fund adopt coal steel research definit refer year rn net result year pn conting provis year dn alloc research year establish balanc sheet year produc dn alloc research year algorithm algorithm establish size conting provis alloc research year balanc sheet year size conting provis gt refer graphic gt alloc research year round nearest eur calcul result halfwai alloc round nearest eur gt refer graphic gt amount need round amount left round return conting provis