ARCHIVESHISTORIQUES
DELACOMMISSION
COLLECTION RELIEEDES
DOCUMENTS "COM"
COM(77)424
Vol.1977/0137

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COMMISSION OFTHEEUROPEAN COMMUNITIES
COM(77)424Final
Brussels.7September1977
PROPOSAL FORACOUNCILDECISION
correctingDecision77/343/EECamendingDecision
76/402/EECon.thelevelofinterestratesubsidy,
providedfor"byDirective72/159/EEConthemoder­
nisationoffarms,to"beappliedinItaly
(submittedtotheCouncil "bytheCommission)
C0M(77)4^4Final
V»**A±AAW

EXPLAJ9ATG RY Míií LiORAO UM
Onthe24th January 1977 »"theItalian Government requested ,that the
Commission make aproposal totheCouncil authorizing theItalian
Republic toraise thelevel ofinterest rate subsidies persuant to
Article 8paragraph 2oftheCouncil Directive of17th April 1972
concerning themodernisation offarms (72/159/EEC )(l)intheareas
scheduled within themeaning ofDirective 75/268/SEC (2)onmountain
andhill farming andfarming incertain less-favoured areas to12
TheComnission submitted such aproposal tothe Council on24th March
1977 .TheCouncil took adecision on25th April 1977 (Council Decision
77/343/EEC)(3).
Anerror crept into this Decision ,namely that permission wasrequested
andapproved only forthemountain areas andnotfortheother less-fa -
voured areas within themeaning ofCouncil Directive 75/268/EEC,The
purpose ofthis proposal istocorrect this error .
(1)0..T. n°L96,23.4-1972 ,pg.l
(2)O.J. n°J,128 ,19.5.1975 ,Pg.1
(3)O.J. n°L120 .13.5.1977 ,pg.21

PROPOSALFORACOUNCILDECISION'
correctingDecision77/343/EHJamendingDecision
76/402/EEConthelevelofinterestratesubsidy,
•providedfor"byDirective72/159/EEConthemoder­
nisationoffarms,to"beappliedinItaly
THECOUNCILOPTHEEUROPEANCOMMUNITIES ,
JSavingregardtothetreatyestablishingtheEuropeanEconomicCommunity,
HavingregardtoCouncilDirective72/159/EECof17April1972onthe
modernisation offarms(1),andinparticularthesecondsubparagraphof
Article3(2)thereof,
I
HavingregardtotheproposalfromtheCommission, j
WhereasacloseexaminationhasshownthatanerrorhasoccurredinCouncil j
Decision7:7/343/eECof25April1977amendingDecisionJ6/402/EEConthelevel
ofinterestrate,subsidy,providedfor"byDirective72/159/EE(3onthe
modernisation offarms,tobeappliedinItaly(2)andthat
itisimportantthatitbecorrected,
HASADOPTEDTHISDECISION :
;
(1)O.J.n°L96,23.4.1972,P.1
(2)O.J.n°L120,13*5.1977,P«21
(3)O.J.n°L108,26.4.1971,p.39

Article 1
Thetext ofArticle 1ofCouncil Decision 76/402/EECof6April I976
onthelevel ofinterest ratesubsidy provided forbyDirective 72/159/EEC
onthemodernisation offarms ,to "beapplied inItaly iswith effect
from 7December 1976 ,replaced "bythefollowing :
"Article 1
TheItalian Republic ishereby authorized toincrease theinterest rate
subsidy provided forinthefirst subparagraph ofarticle 8(2)of
Directive 72/l59/EECto :
-12$intheareas laid down within themeaning ofDirective 75/268/EEC
onmountain andhill farming andfarming incertain less favoured areas
-11faintheMezzogiorno andtheless favoured regions ofcentral and
northern Italy ,other than those referred tointhefirst indent ;
-9%fortheother regions ."
Article 2
tø
This Decision isaddressed totheItalian Republic .
Done at For the Council

FINANCIAL STATEMENT
»Ara.18-7-1977
1.BUDCLTLTN3C0riCi.U'.7:3 38100
2.action,PropositionforCouncilDecision,tomodifytheCouncil'sDecision
76/402/EEC,relatingtothelevelofinterestratesubsidieslaiddowninDirec­
tive72/159/EEC,concerningthemodernisation offarms,tobeappliedinItaly.
3.LEGALBA-,:stArticle6ofCouncilRegulation729/70/EECof28April1970,relating
tothefinancingofthecommonagricultural policy.
objectives «DuetotherelativelyhighinterestratesofItalianloans,the"Govern­
mentofItalywishtoencourageanincreasedinvestmentintheframeworkoljthe
modernisation offarmsbygrantinghigherinterestratesubsidiestothosefarmer-
situatedinthelessfavouredareasassetoutinDirective75/273/EEC.Neverthe­
lesstheminimumchargesaslaiddownintheDirectivetobebornebythebenefi-
5.FINANCIAL CCriSSOVUrJCB
5.0airrranvas
-CiURCtDTOTIBECTilOIET
(idv::;6/ic\s)
-CHARGEDTONATIONALAOTNISTR.
-CHARGEDTOOTHERNATIONALCROUPS
5.1RF:nPT3
-C.viR^CWVjSCPTfEEC
(LEVIES/CJJTOIJSDUTIES)
-KATIOr.'ALFORTHEKA3KLTIl.'CYEARcurrhjtpi:ia;:ciaLyearun
29,2FCLLCWIKCFIKVCJAL YEAR
C78)
5/5
29,2
5.0.1PLURIA.VNUALPATTERNOFEXFEVDITURE 5,5Mua
5.1.1PLURIAIWJALPATTER1I0FRECEIFT3TEAR•• YEAR•
7,3MuaYEAR
7,3Mua
5»2KCTmODOFCALCULATION
1.TheproposedItalianlawhasnotchangedtheceilingsofexpenditurefix$dfor
thosedirectives.Astheseceilingshavealreadybeentakenintoconsideration
inthecalculationoftheglobalestimatesforthedirective,thisproposedchan­
gecannotincreasethecoststoFE0GAasthese,arealreadyestimatedatthemaxi­
mum.
2.Themainbudgetaryeffectofthispropositionwillbetoinsurethatthecosts
estimatedbytheItalianGovernmentServicesareachieved.
6.0FINANCINGPOSSIBLEKITHCREDITSINSCRIBEDINRELE^AKTCHAPTERC?CURflJSTBUDGET? Χ$Βί!··0
6.1FINA;;C::;3FCKIBL;BYtpx-MSHBJr.-.'iSMCHAPTERScfai?.x*x?bvogitt? JTKXN0
(>.2NECiliSITY FORASUFFLSJ^.TARY BUDGET7 msi'.io
0.3CREDITSTOBEWR1TJSJIMOR:7.'R^?None.0
coic-bost