CELEX: 31981D0241
Language: en
Date: 1981-04-09 00:00:00
Title: 81/241/EEC: Council Decision of 9 April 1981 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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31981D0241

81/241/EEC: Council Decision of 9 April 1981 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 113 , 25/04/1981 P. 0046 - 0046

****( 1 ) OJ NO L 96 , 23 . 4 . 1972 , P . 1 .  ( 2 ) OJ NO L 108 , 26 . 4 . 1976 , P . 39 .  ( 3 ) OJ NO L 12 , 17 . 1 . 1980 , P . 29 .    COUNCIL DECISION   OF 9 APRIL 1981   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  ( 81/241/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 PROLONGATION OF THE AUTHORIZATION 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 80/30/EEC ( 3 ), WHICH IS APPLICABLE UNTIL 31 DECEMBER 1980 ;   WHEREAS THE CURRENT RATE OF INTEREST FOR LONG-TERM AGRICULTURAL LOANS IS 15.6 % WHICH IS 2.2 % GREATER THAN THE RATE ON WHICH DECISION 76/402/EEC WAS BASED ;   WHEREAS AN INTEREST RATE OF 15.6 % AND INTEREST RATE SUBSIDIES OF RESPECTIVELY 9 % , 11 % AND 12 % WILL MEAN THAT THE BENEFICIARY IS 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 JANUARY 1981 , ARTICLE 4 OF DECISION 76/402/EEC SHALL BE REPLACED BY THE FOLLOWING :   ' ARTICLE 4   THIS DECISION SHALL APPLY UNTIL 31 DECEMBER 1981 . '   ARTICLE 2   THIS DECISION IS ADDRESSED TO THE ITALIAN REPUBLIC .   DONE AT LUXEMBOURG , 9 APRIL 1981 .   FOR THE COUNCIL   THE PRESIDENT   D . F . VAN DER MEI