22.6.2001 Official Journal of the European Communities L167/27 COMMISSION COMMISSION DECISION of 8 May 2001 on the clearance of the accounts of Member States' expenditure financed by the European Agricultural Guidance and Guarantee Fund (EAGGF), Guarantee Section, for the 2000 financial year (notified under document number C(2001) 1192) (2001/474/EC) THE COMMISSION OF THE EUROPEAN COMMUNITIES, Having regard to the Treaty establishing the European Community, Having regard to Council Regulation (EEC) No 729/70 of 21 April 1970 on the financing of the common agricultural policy (), as last amended by Regulation (EC) No 1287/95 (3), and in particular Article 5(2)(b) thereof, Having regard to Council Regulation (EC) No 1258/1999 of 17 May 1999 on the financing of the common agricultural policy () and in particular Article 7(3) thereof, After consulting the Fund Committee, Whereas: (1) Under Article 5(2)(b) of Regulation (EEC) No 729/70 and 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 information required for clearance and a certificate regarding the veracity, completeness, and accuracy of the accounts transmitted clears the accounts of the paying agencies referred to in Article 4(1) of those Regulations. (2)  With regard to Article 7(1) of Regulation (EC) No 296/ 96 of 16 February 1996 on data to be transmitted by the Member States and the monthly booking of expendi- ture financed under the Guarantee Section of the Euro- pean Agricultural Guidance and Guarantee Fund (EAGGF) and laying down certain detailed rules of application for Council Regulation (EC) No 1259/ 1999 (%), as last amended by Regulation (EC) No 2785/ 2000 () account is taken for the 2000 financial year of () O] L 94, 28.4.1970, p. 13. () O] L 125, 8.6.1995, p. 1. () O] L 160, 26.6.1999, p. 103. (% O] L 39, 17.2.1996, p. 5. () O] L 323, 20.12.2000, p. 3. 5 () () 0] L 0] L 273, 23.10.199 expenditure incurred by the Member States between 16 October 1999 and 15 October 2000. The time limits granted to the Member States for the submission to the Commission of the documents referred to in Article 5(1)(b) of Regulation (EEC) No 729/70 and Article 6(1)b of Regulation (EC) 1258/1999 and in Article 4(1), (3) and (4) of Commission Regula- tion (EC) No 1663/95 of 7 July 1995 laying down detailed rules for the application of Council Regulation (EEC) No 729/70 regarding the procedure for the clear- ance of accounts of the EAGGF Guarantee Section (%), as last amended by Regulation (EC) No 2245/1999 (’), have expired. The Commission has checked the information submitted and communicated to the Member States before the 31 March 2001 the results of its verifications with the necessary amendments. Under the first subparagraph of Article 7(1) of Regula- tion (EC) No 1663/95, the accounts clearance decision referred to in Article 5(2)(b) of Regulation (EEC) No 729/70 and Article 7(3) of Regulation (EC) No 1258/ 1999 must determine, without prejudice to decisions taken subsequently in accordance with Articles 5(2)(c) and 7(4) of the respective Regulations, the amount of expenditure effected in each Member State during the financial year in question recognised as being chargeable to the EAGGF Guarantee Section, on the basis of the accounts referred to in Article 5(1)(b) and 6(1)b of the abovementioned Regulations and the reductions 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 Regula- 158, 8.7.1995, p. 6. 9, p. 5