L 160/28 Official Journal of the European Communities 18.6.2002 COMMISSION COMMISSION DECISION of 12 June 2002 on the clearance of the accounts of Member States’ expenditure financed by the European Agri- cultural Guidance and Guarantee Fund (EAGGF), Guarantee Section, for the 2001 financial year (notified under document number C(2002) 2057) (2002/461[EC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EC) No 1258/1999 of 17 May 1999 on the financing of the common agricultural pol- icy (4, and in particular Article 7(3) thereof, After consulting the Fund Committee, Whereas: 1 0] 0] 0] Under Article 7(3) of Regulation (EC) No 1258/1999, the Commission, on the basis of the annual accounts submitted by the Member States, accompanied by the in- formation required for clearance and a certificate regard- ing the veracity, completeness, and accuracy of the ac- counts transmitted clears the accounts of the paying agencies referred to in Article 4(1) of this Regulation. With regard to Article 7(1) of Commission Regulation (EC) No 296/96 of 16 February 1996 on data to be transmitted by the Member States and the monthly booking of expenditure financed under the Guarantee Section of the European Agricultural Guidance and Guarantee Fund (EAGGF) (%), as last amended by Regula- tion (EC) No 1934/2001 (), account is taken for the 2001 financial year of expenditure incurred by the Mem- ber States between 16 October 2000 and 15 October 2001. The time limits granted to the Member States for the submission to the Commission of the documents re- ferred to in Article 6(1)b of Regulation (EC) No 1258 1999 and in Article 4(1) of Commission Regulation (EC) No 1663/95 of 7 July 1995 laying down detailed rules L 160, 26.6.1999, p. 103. L 39,17.2.1996, p. 5. L 262, 2.10.2001, p. 8. L 158, 8.7.1995, p. for the application of Council Regulation (EEC) No 729/ 70 regarding the procedure for the clearance of accounts of the EAGGF Guarantee Section (%), as last amended by Regulation (EC) No 2025/2001 (°), have expired. The Commission has checked the information submitted and communicated to the Member States before the 31 March 2002 the results of its verifications with the ne- cessary amendments. Under the first subparagraph of Article 7(1) of Regula- tion (EC) No 1663/95, the accounts clearance decision referred to in Article 7(3) of Regulation (EC) No 1258/ 1999 must determine, without prejudice to decisions ta- ken subsequently in accordance with Article 7(4) of the Regulation, the amount of expenditure effected in each Member State during the financial year in question re- cognised as being chargeable to the EAGGF Guarantee Section, on the basis of the accounts referred to in Arti- cle 6(1)b of the abovementioned Regulation and the re- ductions and suspensions of advances for the financial year concerned, including the reductions referred to in the second subparagraph of Article 4(3) of Regulation (EC) No 296/96; under Article 102 of the Financial Reg- ulation of 21 December 1977 applicable to the general budget of the European Communities (%), as last amended by Council Regulation (EC, ECSC, Euratom) No 762/ 2001 ('), the outcome of the clearance decision, that is to say, any discrepancy which may occur between the total expenditure booked to the accounts for a financial year pursuant to Articles 100 and 101 and the total ex- penditure taken into consideration by the Commission in this Decision, is to be booked, under a single article, as additional expenditure or a reduction in expenditure. 6. L 274,17.10.2001, p. 3. L 356, 31.12.1977,p. 1 L 111, 20.4.2001, p. 1.