CELEX: 31984D0514
Language: en
Date: 1984-10-23 00:00:00
Title: 84/514/EEC: Council Decision of 23 October 1984 amending Decision 76/402/EEC 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

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31984D0514

84/514/EEC: Council Decision of 23 October 1984 amending Decision 76/402/EEC 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  

Official Journal L 285 , 30/10/1984 P. 0014 - 0014

*****COUNCIL  DECISION  of 23 October 1984  amending Decision 76/402/EEC 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  (84/514/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), as last amended by Directive 84/513/EEC (2), and in particular the second subparagraph of Article 8 (2) thereof,  Having regard to the proposal from the Commission,  Whereas the Italian Government has requested an extension of the period of validity of Decision 76/402/EEC (3), as last amended by Decision 84/141/EEC (4), which is applicable until 30 June 1984;  Whereas the rate of interest currently applicable in Italy to long-term agricultural loans is 19,5 %, which is 6,1 % higher than the rate on which Decision 76/402/EEC was based;  Whereas an interest rate of 19,5 % and interest rate subsidies of 9, 11 and 12 % respectively would mean that the recipient would be called upon to bear a rate of interest in excess of the minimum laid down by Directive 72/159/EEC,  HAS ADOPTED THIS DECISION:  Article 1  With effect from 1 July 1984, Article 4 of Decision 76/402/EEC is hereby replaced by the following:  'Article 4  This Decision shall apply until 31 December 1984.'  Article 2  This Decision is addressed to the Italian Republic.  Done at Luxembourg, 23 October 1984.  For the Council  The President  A. DEASY  (1) OJ No L 96, 23. 4. 1972, p. 1.  (2) See page 13 of this Official Journal.  (3) OJ No L 108, 26. 4. 1976, p. 39.  (4) OJ No L 72, 15. 3. 1984, p. 26.