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RESOLUTION 242 (1963)[1]
giving the opinion of the Assembly on Resolution 24 (1962) of the European
Conference of Local Authorities, on financing major undertakings of local authorities in connection with
the development and establishment of the Common Market
The Assembly,
Reaffirming its belief that the improvement in urban and rural
living conditions and the economic expansion of Europe's
various regions depend above all on the financing
possibilities available to local authorities ;
Considering Resolution 24 (1962) of the European Conference of
Local Authorities on financing major undertakings of local
authorities in connection with the development and
establishment of the Common Market ;
Having regard to the second paragraph of Article 1 (b)
of the Charter of the Conferences ;
Having regard to the opinion of the Economic Committee,
1. Instructs the Committee on Local Authorities, on the occasion of the approaches which the
Assembly has requested it to make[2], to study with the
European Parliament's "Intergroup" on Local Problems the
advisability of action on the part of the European Parliament,
and the forms which such action should take with a view to
obtaining :
-
from the Governments, a declaration of
interpretation or, failing this, a revision of Article 130 of
the Treaty instituting the European Economic Community so as
to enable the European Investment Bank to assist in financing
major undertakings of local, regional or communal authorities
aimed at developing or improving the infrastructure, in
accordance with the said Article 130 ;
-
from the European Commission and the Governments,
approval of the necessary measures to facilitate the issue of
bonds on foreign markets by local authorities ;
2. Reminds the Committee of Ministers of the terms of its Recommendation 241 (1960) which it
considers as being still valid.
[1]. Assembly debate on 18th January 1963 (25th Sitting)
(see Doc. 1531, Report of the Committee on Local
Authorities).
Text adopted by the Assembly on 18th January 1963 (25th
Sitting).
[2]. Voir Recommandation 351, relative à la Résolution 25
(1962) de la Conférence.
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