{
  "url": "https://openlegislation.uk/eu-decision-2003-77/annex/division-2",
  "json_url": "https://openlegislation.uk/eu-decision-2003-77/annex/division-2.json",
  "legislation": "eudn/2003/77",
  "legislation_title": "Council Decision of 1 February 2003 laying down multiannual financial guidelines for managing the assets of the ECSC in liquidation and, on completion of the liquidation, the Assets of the Research Fund for Coal and Steel (2003/77/EC)",
  "legislation_url": "https://openlegislation.uk/eu-decision-2003-77",
  "path": "annex/division/2",
  "kind": "division",
  "number": "2",
  "heading": "ALLOCATION OF ASSETS",
  "text": "Pursuant to point 1, the Commission will allocate the assets between the following three categories:\n(a) reserves needed to provide an assurance to the creditors of the ECSC that all of its outstanding borrowings and the interest thereon will be paid in full on their due date, thus enabling the obligor to maintain its ‘AAA’ rating or its equivalent;\n(b) funds needed to guarantee the disbursement of all amounts legally engaged under the Operating Budget of the ECSC prior to the end of the ECSC Treaty;\n(c) to the extent that funds are no longer needed for the above purposes (due either to the reimbursement of borrowings or payment of interest without call on the reserves or the eventual cancellation of budgetary obligations) such funds will be allocated to investment categories.",
  "extent": "E+W+S+N.I.",
  "status": null,
  "version": "current",
  "annotations": [],
  "outstanding_effects": [],
  "provenance": {
    "source": "legislation.gov.uk",
    "source_url": "https://www.legislation.gov.uk/eudn/2003/77/annex/division/2",
    "retrieved_at": "2026-11-01T15:18:25.349626+00:00"
  },
  "licence": "Open Government Licence v3.0",
  "licence_url": "https://www.nationalarchives.gov.uk/doc/open-government-licence/version/3/",
  "attribution": "Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives."
}