80/30/EEC: Council Decision of 20 December 1979 extending Decision 76/402/EEC on the level of the interest rate subsidy, provided for in Directive 72/159/EEC on the modernization of farms, to be applied in Italy
End of Effective Date | 31 December 1980 |
Published date | 17 January 1980 |
Celex Number | 31980D0030 |
ELI | http://data.europa.eu/eli/dec/1980/30/oj |
Date | 20 December 1979 |
Official Gazette Publication | Official Journal of the European Communities, L 12, 17 January 1980 |
80/30/EEC: Council Decision of 20 December 1979 extending Decision 76/402/EEC on the level of the interest rate subsidy, provided for in Directive 72/159/EEC on the modernization of farms, to be applied in Italy
Official Journal L 012 , 17/01/1980 P. 0029
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( 1 ) OJ NO L 96 , 23 . 4 . 1972 , P . 1 .
( 2 ) OJ NO L 108 , 26 . 4 . 1976 , P . 39 .
( 3 ) OJ NO L 23 , 28 . 1 . 1978 , P . 40 .
COUNCIL DECISION
OF 20 DECEMBER 1979
EXTENDING DECISION 76/402/EEC ON THE LEVEL OF THE INTEREST RATE SUBSIDY , PROVIDED FOR IN DIRECTIVE 72/159/EEC ON THE MODERNIZATION OF FARMS , TO BE APPLIED IN ITALY
( 80/30/EEC )
THE COUNCIL OF THE EUROPEAN
COMMUNITIES ,
HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY ,
HAVING REGARD TO COUNCIL DIRECTIVE 72/159/EEC OF 17 APRIL 1972 ON THE MODERNIZATION OF FARMS ( 1 ), AND IN PARTICULAR THE SECOND SUBPARAGRAPH OF ARTICLE 8 ( 2 ),
HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION ,
WHEREAS THE ITALIAN GOVERNMENT HAS REQUESTED THE EXTENSION OF COUNCIL DECISION 76/402/EEC OF 6 APRIL 1976 ON THE LEVEL OF THE INTEREST RATE SUBSIDY , PROVIDED FOR BY DIRECTIVE 72/159/EEC ON THE MODERNIZATION OF FARMS , TO BE APPLIED IN ITALY ( 2 ), AS LAST AMENDED BY DECISION 78/69/EEC ( 3 ), AND WHICH IS APPLICABLE UNTIL 31 DECEMBER 1979 ;
WHEREAS THE CURRENT RATE OF INTEREST IN ITALY FOR LONG-TERM AGRICULTURAL LOANS IS 14.8 % , WHICH IS 1.4 % MORE THAN THE RATE WHICH SERVED AS A BASIS FOR DECISION 76/402/EEC ;
WHEREAS APPLICATION OF AN INTEREST RATE OF 14.8 % AND OF INTEREST RATE SUBSIDIES OF 9 % , 11 % AND 12 % RESPECTIVELY WOULD MEAN THAT THE BENEFICIARY WOULD HAVE TO BEAR A RATE OF INTEREST IN EXCESS OF THE MINIMUM PRESCRIBED BY DIRECTIVE 72/159/EEC ,
HAS ADOPTED THIS DECISION :
ARTICLE...
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