CELEX: 51977PC0424
Language: en
Date: 1977-09-07
Title: PROPOSAL FOR A COUNCIL DECISION correcting Decision 77/343/EEC amending Decision 76/402/EEC on the level of interest rate subsidy, provided for by Directive 72/159/EEC on the modernisation of farms, to be applied in Italy (submitted to the Council by the Commission)

ARCHIVES HISTORIQUES
DE LA COMMISSION
COLLECTION RELIEE DES
DOCUMENTS "COM"
COM (77) 424
Vol. 1977/0137
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 ---pagebreak---         COMMISSION OF THE EUROPEAN COMMUNITIES
                                                                      COM ( 77 ) 424 Final
                                                                      Brussels . 7 September 1977
                               PROPOSAL FOR A COUNCIL DECISION
                     correcting Decision 77/343/EEC amending Decision
                     76/402/EEC on. the level of interest rate subsidy ,
                     provided for "by Directive 72/159/EEC on the moder­
                           nisation of farms , to "be applied in Italy
                       ( submitted to the Council "by the Commission)
C0M ( 77 ) 4^4 Final                                     V » ** A ± AAW
 ---pagebreak--- E X P L A J9ATG RY      Míií Li O R A O U M
On the 24th January 1977 » "the Italian Government requested, that the
Commission make a proposal to the Council authorizing the Italian
Republic to raise the level of interest rate subsidies persuant to
Article 8 paragraph 2 of the Council Directive of 17th April 1972
concerning the modernisation of farms (72/159/EEC ) ( l ) in the areas
scheduled within the meaning of Directive 75/268/SEC ( 2 ) on mountain
and hill farming and farming in certain less-favoured areas to 12
The Comnission submitted such a proposal to the Council on 24th March
1977 . The Council took a decision on 25th April 1977 ( Council Decision
77/343/EEC ) ( 3 ).
An error crept into this Decision , namely that permission was requested
and approved only for the mountain areas and not for the other less-fa-
voured areas within the meaning of Council Directive 75/268/EEC , The
purpose of this proposal is to correct this error .
( 1 ) 0..T. n° L 96 , 23.4-1972 , pg.l
( 2 ) O.J. n° J, 128 , 19.5.1975 , Pg. 1
( 3 ) O.J. n° L 120 . 13.5.1977, pg. 21
 ---pagebreak---                         PROPOSAL FOR A COUNCIL DECISION'
             correcting Decision 77/343/EHJ amending Decision
             76/402/EEC on the level of interest rate subsidy ,
           • provided for "by Directive 72/159/EEC on the moder­
                  nisation of farms , to "be applied in Italy
THE COUNCIL OP THE EUROPEAN COMMUNITIES ,
JSaving regard to the treaty establishing the European Economic Community ,
Having regard to Council Directive 72/159/EEC of 17 April 1972 on the
modernisation of farms ( 1 ) , and in particular the second subparagraph of
Article 3 ( 2 ) thereof ,
                                                                                  I
Having regard to the proposal from the Commission ,                             j
Whereas a close examination has shown that an error has occurred in Council j
Decision 7:7/343/eEC of 25 April 1977 amending Decision J6/402/EEC on the level
of interest rate, subsidy , provided for "by Directive 72/159/EE(3 on the
modernisation of farms , to be applied in Italy ( 2) and that
it is important that it be corrected ,
HAS ADOPTED THIS DECISION :
                      ;
 ( 1 ) O.J. n° L 96 , 23.4.1972 , P .1
 ( 2 ) O.J. n° L 120 , 13*5.1977 , P « 21
 ( 3 ) O.J. n° L 108 , 26.4.1971 , p. 39
 ---pagebreak---                          Article 1
The text of Article 1 of Council Decision 76/402/EEC of 6       April I976
on the level of interest rate subsidy provided for by Directive 72/159/EEC
on the modernisation of farms , to "be applied in Italy      is with effect
from 7    December 1976 ,     replaced "by the following :
                       " Article 1
The Italian Republic is hereby authorized to increase the interest rate
subsidy provided for in the first subparagraph of article 8 ( 2 ) of
Directive 72/l 59/EEC to :
- 12 $ in the areas laid down within the meaning of Directive 75/268/EEC
  on mountain and hill farming and farming in certain less favoured areas
- 11 fa in the Mezzogiorno and the less favoured regions of central and
  northern Italy , other than those referred to in the first indent ;
- 9 % for the other regions ."
                          Article 2
                                   tø
This Decision is addressed to the Italian Republic .
Done at                                                  For the Council
 ---pagebreak---                     FINANCIAL             STATEMENT
                                                                                    »Ara . 18-7-1977
   1 . BUDCLT LTN3 C0riCi.U'.7:3 3   8100
   2. action , Proposition for Council Decision , to modify the Council 's Decision
       76/ 402 / EEC , relating to the level of interest rate subsidies laid down in Direc­
       tive 72/ 159/ EEC , concerning the modernisation of farms , to be applied in Italy .
   3. LEGAL BA-,:s t Article 6 of Council Regulation 729/ 70/ EEC of 28 April 1970 , relating
       to the financing of the common agricultural policy .
       objectives « Due to the relatively high interest rates of Italian loans , the " Govern­
       ment of Italy wish to encourage an increased investment in the framework olj the
       modernisation of farms by granting higher interest rate subsidies to those farmer-
       situated in the less favoured areas as set out in Directive 75 / 273 / EEC . Neverthe­
       less the minimum charges as laid down in the Directive to be borne by the benefi-
  5. FINANCIAL CCriSSOVUrJCB                  FOR THE KA3KLTI l.'C YEAR currhjt pi:ia;:ciaL year FCLLCWIKC FIKVCJAL YEAR
  5.0 airrranvas                                                               un                       C 78 )
        -CiURCtD TO TIB EC TilOIET
         ( idv::;6/i           c\s )
                                                                                                          5 /5
       -CHARGED TO NATIONAL AOTNISTR .                                          29,2                     29,2
       -CHARGED TO OTHER NATIONAL CROUPS
  5.1 RF:nPT3
       -C.vi R^CWVjS CP TfE EC
         ( LEVIES/CJJTOIJS DUTIES )
       -KATIOr.'AL
                                             TEAR ••                    YEAR •                   YEAR
 5.0.1 PLURI A.VNUAL PATTERN OF EXFEVDITURE           5,5 Mua                    7,3 Mua                  7,3 Mua
 5.1.1 PLURI AIWJAL PATTER1I 0F RECEIFT3
 5»2 KCTmOD OF CALCULATION
  1 . The proposed Italian law has not changed the ceilings of expenditure fix$d for
        those directives . As these cei lings have already been taken into consideration
        in the calculation of theglobal estimates for the directive , this proposed chan­
       ge cannot increase the costs to FE0GA as these, are already estimated at the maxi­
       mum .
 2 . The main budgetary effect of this proposition will be to insure that the costs
       estimated by the Italian Government Services are achieved .
6.0 FINANCING POSSIBLE KITH CREDITS INSCRIBED IN RELE^AKT CHAPTER C? CURflJST BUDGET ?                     Χ$Βί!··0
6.1 FINA;;C::;3 FCKIBL; BY tpx-MSH BJr.-.'iSM CHAPTERS cf ai?.x*x? bvogitt ?                               JTKXN0
(>.2 NECiliSITY FOR A SUFFLSJ^.TARY BUDGET 7                                                               msi'.io
0.3 CREDITS TO BE WR1TJSJ IMO R: 7.'R^            ?                                                             .0
                                                                          None
coic-bos t