European Union (Finance) Bill

Explanatory Notes

Legal background

11 The Bill will give effect to the Government’s agreement to the EU Decision on EU financing for the period 2014 to 2020 by approving the Decision itself and adding it to the list of EU Treaties (Community Treaties) for the purposes of the European Communities Act 1972, so that the necessary funds can be charged on the Consolidated Fund.

12 The legal basis of the ORD is the third paragraph of Article 311 Treaty on the Functioning of the European Union (TFEU) and Article 106a EURATOM.

Prepared 8th June 2015