# Council Decision of 21 December 1978 concerning the conclusion of the Agreement between the European Economic Community, the Member States and the International Development Association (79/195/EEC), Division Section 5


Consistent with the normal procedures of the Association, the administrator is authorized to require each borrower under a Special Action Credit to pay to the Association a service charge at the rate of three fourths of one per cent (3/4 of 1 %) per annum, payable in any currency acceptable to the Association, on the principal amount of the Credit withdrawn and outstanding from time to time to compensate it for the services rendered hereunder. Amounts paid for this charge shall be paid directly to and retained by the Association.

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Source: https://www.legislation.gov.uk/eudn/1979/195/attachment/1/division/ARTICLE II/division/Section 5 (the official version)
Page: https://openlegislation.uk/eu-decision-1979-195/attachment-1/division-ARTICLE II/division-Section 5
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.