2.12. 80 Official Journal of the European Communities No L 326/19 (Acts whose publication is not obligatory) COUNCIL COUNCIL DECISION of 25 November 1980 supplementing, as regards the application of part of the second tranche of loans, Decision 80/739/EEC applying for the second time Decision 78/870/EEC empow- ering the Commission to contract loans for the purpose of promoting invest- ment within the Community (80/1103/EEC) THE COUNCIL OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Economic Community, Having regard to Council Decision 78/870/EEC of 16 October 1978 empowering the Commission to contract loans for the purpose of promoting invest- ment within the Community (!), and in particular Article 2 thereof, Having regard to the proposal from the Commis- sion (2), Having regard to the opinion of the European Parlia- ment (°), Whereas Decision 80/739/EEC (%), authorized a second tranche of borrowings for an amount not exceeding the equivalent of a capital sum of 500 million European units of account ; whereas that Deci- sion defined the sectors to which the product of those borrowings might be applied only with respect to an amount equivalent to a capital sum of 400 million European units of account; whereas, as regards the equivalent of a capital sum of 100 million European units of account, that Decision provided that it might not be borrowed until the adoption of a further deci- sion relating to the purpose for which such borrowing might be used; Whereas it is therefore necessary to take a decision on the application of that part of the second tranche; Whereas for that purpose the same sectors should be covered as in Decision 80/739/EEC; whereas it is (1) OJ No L 298, 25. 10. 1978, p. 9. (?) O] No C 54, 4. 3. 1980, p. 4. () O] No C 85, 8. 4. 1980, p. 44. (*) O] No L 205, 7. 8. 1980, p. 19. therefore advisable, by way of exception, to permit the application of the borrowings in question also to loans intended for the financing of factories constructed with a view to future requirements and of housing, provided that they form part of a total project of economic and industrial development presenting a regional interest, HAS DECIDED AS FOLLOWS: Sole Article The product of borrowings of an amount equivalent to a capital sum of 100 million European units of account shall be applied to loans intended for the financing of : — investment projects as defined in Article 2 of Deci- sion 80/739/EEC, — factories constructed with a view to future require- ments and housing, provided that they form part of a total project of economic and industrial deve- lopment presenting a regional interest. Done at Brussels, 25 November 1980. For the Council The President Colette FLESCH