11.5.2007 Official Journal of the European Union L 122/51 COMMISSION DECISION of 27 April 2007 on the clearance of the accounts of the paying agencies of Member States concerning expenditure financed by the European Agricultural Guidance and Guarantee Fund (EAGGF), Guarantee Section, for the 2006 financial year (notified under document number C(2007) 1901) (2007/327[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 policy (1), and in particular Article 7(3) thereof, Having regard to Council Regulation (EC) No 1290/2005 of 21 June 2005 on the financing of the common agricultural policy (3), and in particular Article 32 thereof, After consulting the Fund Committee, Whereas: (1) On the basis of the annual accounts submitted by the Member States, accompanied by the information required, the accounts of the paying agencies referred to in Article 4(1) of Regulation (EC) No 1258/1999 are to be cleared. The clearance covers the integrality, accuracy and veracity of the accounts transmitted in the light of the reports established by the certification bodies. (2)  Pursuant to Article 7(1) of Commission Regulation (EC) No 296/96 of 16 February 1996 on data to be trans- mitted by the Member States and the monthly booking of expenditure financed under the Guarantee Section of the European Agricultural Guidance and Guarantee Fund (EAGGF) (%), account is taken for the 2006 financial year () OJ L 160, 26.6.1999, p. 103. (®» OJ L 209, 11.8.2005, p. 1. Regulation as last amended by Regu- lation (EC) No 378/2007 (O] L 95, 5.4.2007, p. 1). () OJ L 39, 17.2.1996, p. 5. Regulation as last amended by Regulation (EC) No 1607/2005 (OJ L 256, 1.10.2005, p. 12). of expenditure incurred by the Member States between 16 October 2005 and 15 October 2006. (3)  The time limits granted to the Member States for the submission to the Commission of the documents referred to in Article 6(1)(b) of Regulation (EC) 1258/1999 and in Article 4(1) of Commission Regu- lation (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 clearance of accounts of the EAGGF Guarantee Section (¥, have expired. (4 The Commission has checked the information submitted and communicated to the Member States before the 31 March 2007 the results of its verifications, along with the necessary amendments. (5)  In accordance with the first subparagraph of Article 7(1) of Regulation (EC) No 166395, the accounts clearance decision referred to in Article 7(3) of Regulation (EC) No 1258/1999 determines, without prejudice to decisions taken 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 recognised as being chargeable to the EAGGF Guarantee Section, on the basis of the accounts referred to in Article 6(1)(b) of Regulation (EC) No 1258/1999 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. Pursuant to Article 154 of Council Regulation (EC, Euratom) No 1605/2002 of 25 June 2002 on the Financial Regulation applicable to the general budget of the European Communities (%), the outcome of the clearance decision, that is to say any discrepancy which may occur between the total expen- diture booked to the accounts for a financial year pursuant to Article 151(1) and Article 152 of that Regu- lation and the total expenditure taken into consideration by the Commission in the clearance decision, is to be booked, under a single article, as additional expenditure or a reduction in expenditure. (% OJ L 158, 8.7.1995, p. 6. Regulation as last amended by Regulation (EC) No 4652005 (O] L 77, 23.3.2005, p. 6). (®) OJ L 248, 16.9.2002, p. 1. Regulation as last amended by Regu- lation (EC, Euratom) No 1995/2006 (O] L 390, 30.12.2006, p. 1).