CELEX: 31982D0437
Language: en
Date: 1982-06-24 00:00:00
Title: 82/437/EEC: Council Decision of 24 June 1982 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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31982D0437

82/437/EEC: Council Decision of 24 June 1982 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 193 , 03/07/1982 P. 0038 - 0038

*****COUNCIL  DECISION  of 24 June 1982  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  (82/437/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 82/436/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 validity of Decision 76/402/EEC (3), as last amended by Decision 81/241/EEC (4), which is applicable until 31 December 1981;  Whereas the rate of interest currently applicable in Italy to long-term agricultural loans is 19;6 %, which is 6;2 % greater than the rate on which Decision 76/402/EEC was based;  Whereas an interest rate of 19;6 % and interest rate subsidies of 9 %, 11 % and 12 % respectively will mean that the recipient 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 1982, Article 4 of Decision 76/402/EEC shall be replaced by the following:  'Article 4  This Decision shall apply until 31 December 1983.'  Article 2  This Decision is addressed to the Italian Republic.  Done at Luxembourg, 24 June 1982.  For the Council  The President  F. AERTS  (1) OJ No L 96, 23. 4. 1972, p. 1.  (2) See page 37 of this Official Journal.  (3) OJ No L 108, 26. 4. 1976, p. 39.  (4) OJ No L 113, 25. 4. 1981, p. 46.