CELEX: 51980PC0865
Language: en
Date: 1980-12-15
Title: PROPOSAL FOR A COUNCIL DECISION prolonging 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 modernisation of farms, to be applied in Italy (presented by the Commission to the Council)

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DOCUMENTS "COM"
COM (80) 865
Vol. 1980/0274
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                          PROPOSAL FOR A COUNCIL DECISION
          prolonging 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 modernisation of farms , to be applied in Italy
                    (presented by the Commission to the Council )
COM ( 80 ) 865 final
 ---pagebreak---                                       Explanatory Memorandum
 1 . Following the request, of the Italian Goverranent and on the proposal of
       ■' the Cocsziocion , tho Council having regard, to the high interest rate for
            long tana loano , in ito docioion of 6 April 1976 on the level of . the " in–
  ' , toreot rato subsidy provided for by Direct ive 72/l5?£3C on the cod ami–
            nation of forma ( l ), to bo applied in Italy ( Dee . 7^/402/EEC ) ( 2 ), autho­
            rised tho Italian Government to increase tfie' Interest .rat® subsidy to J
            ») 12 % in tha areas defined within the meaning of the Directive on -
               mountain and hill farming and farming in certain less-favoured areaa (3 )j
 . . I" b) 11 % in the Mezzogiorao region and in the depressed regions vof the
                                    «    •          ,
               Centre and North of Italy , other thsa tho areaa referred to under *)
               n-rA                                                  . .                s, #
     •    i                                                  s                 .
           a) $ % in the other regions .
2*' In addition the Council decided in this Decision that the expenditure '
           of tho Italian Government resulting from this increased level of interest
            subsidy rate shall be eligible according to the provisions of Directive
     . 72/159/EEC. . ^                                 _       - 7
3 . The above mentioned Council Decision is applicable until 31 December 1930 ( 4 )
            The situation on the capital market in Italy is practically unchangod with
            regard to that of the Spring of 1976 . The interest rate for long term
            agricultural loans has even increaood. slightly . The Italian Governaoiyt
           consequently requested a prolongation of the Council Decision which
       I appears completely justified having regard to "this situation*
( 1 ) OJ no L 96 , 23.4.1976 , p. 1 *
( 2 > OJ no.L 103 , 26.4.1976 , p. 39 ,>■
( 3 ) OJ no L 123 , 19.5.1975 , p. 1
(4) OJ no L            l£ 17.I.1980' . p. . 29 .
 ---pagebreak---   TH2 COUKCIL C? TH3 HJROPEâïT COKMUNITIES -
                N                                 .              *
  Eaving regard to. the Treaty establishing the European Bconosdo Cossrcnity,
                                                      >
  Having regard to Council Mreotivo 72/ 159/ 22C of       April 1972 on tho
 nodomioation of fanso ( l ), end in particular tb« second (subparagraph
 of "Article 6(2),
 Having regard to the proposal from the Commission ,
 Whereas the Italian Government haa roqueoted the prolongation ©f th«
 authorisation of Council Decioion 76/402/E20
                                  - ..                  • .        : .
                                                            ( 2), as -last amended.
 by Council Decision 80/30/CEE ( 3) » which is applioabl® tmtil 31 Decessber
1980;       ,
Whereas the current rate of interest for long-term agricultural loans
 i«15,6 - i> which is 2,2 % greater than th# rat# on which Council decision
76/402/EEC vraa baeodj
Whereas an interent rate of 15,6$ and interest rate subsidies of respec­
tively 9 %i       % and' 12 % will maan that the "beneficiary is called upon
to bear a r~te of interest is, excess of the Bd&ia'ua laid, dowa "by Dir^otiva
72/159/ESCj                               •/' ... ;-v                •
EAS ADOPTED TES POLLOTOTS ' SSCISIOU s'."
  1 ) OJ îîo . L 9^» 23.4.1972 , p. 1
  2 ) OJ No . L 10Ô , 26.4.1976 , p. 39
  3) OJ îîo . h 12 , 17.1.1980, p. . 29
 ---pagebreak---                                                                       t
                                    –2–, ■                                              4
                ■                                                   .                •
         '•                     '        '  . '     •: '          .                '      ...
                    t     » .
              .                   Article  1                                   : ,            •
                  ;           j                 ' •     '       ■                       '
Artiol * 4 of Couno11 D«oisioa 76/4O2/EZC i » <MB«»d®d &s fellemi
^ Artlcla   4                                              "•
                                                                              , v \ ■ '
 Tiiio Decisios shall apply until 31 2>«o«mb«r                  1982 "• . •
                                  Article  2
      ,               «
rhia Decisioa ie addressed to .th® Xteliaa Republic *
                        '»      A                 / >     I   • ' •
Dont» *t      •                                                         F®** th« Coxjjaeil
 ---pagebreak---                      Fl N AN C I AL                 STATEMENT
                                                                                           Date ;    26.11 . 1980
                                                                                           APPROBATIONS :
  1 . BUDGET MCA3ING :               Article 810
  2. TITLE : Proposal for a Council Decision on the prorogation of Deoision No 76/402/EEC
             concerning the level of interest rate subsidy envisaged "by Directive
             72/159/EEC on the modernisation of farms , to be applied in Italy.
      Lfr.AL HAsis : Article 6 of Regulation 729/70/ EEC
  4 , AIMS OF PWOJFCCI : Prorogation for two years f until 31 December 1982 F of the high,
             rates of interest subsidy fixed by Counoil Deoision No 76/402/EEC.
                                                                                                       FOLLOWING JISANCIAL YEAR
  5 . fINANCJAL IMPLICATIONS                             PERIOD OF 12 MONTHS
                                                                              CURRENT W£JJ£ IAL YEAR        rî r^ANC
  5.0 EXPENDITURE
        - CHARGED TO THE EC BUDGET                                                    9,2                     9,2
           ( RE FUNDS / INTER VENT IONS )
        - NATIONAL ADMINISTRATION
                                           »  ■
                                                                                     26,24                 26,24
        - OTHC R
   5.1 RE C F IPTS
        - OWN       SOURC r S 01 THR EC
           ( UEVIFCS / CUSTOMS DUTIES )
        - NATIONAL
                                                               1981              1982             1983
   5.0.1 ESTIMATED EXPENDITURE                                  9.2 MEUJL    9.2 MEUA          9.2 MEUA
   5.1.1 ESTIMATED RECEIPTS
   5*2 METHOD OP CALCULATION                                                                                                       6
      1. The Italian implementing legislation has not changed the ceilings of expen–                                               I
             ditures fixed by the Directives .                                                      •                              j
      2. Asuraption : 40 c/o of expenditures shall be incurred in the Mezsogiorno and thuKj
                 according to Council Decision 80/666/EEC shall.be reimbursed at -a rate of
                 50 °/° t 'fck® remainder being reimbursed at 25 %•
      3. The main effect , to be achieved in relation to this proposal , in relation to
             the budget , shall be to ensure the total use of the funds allocated to this
             measure by the Italian Government .
I                                     :    ;                                                                                       5
   6.0 CAN THE PROJECT BE FINANCED FROM APPROBATIONS ENTERED IN THE RELEVANT CHAPTER OF THE CURRENÏ BUDGET ?
                                                                                                                          XX&NO
                                                                                                                          ■MCX/NO j
         CAN   THE  PRO J FC C I TTT    UNANCtD BY TRANSFER BETWEEN CHAPTERS OF THE CURRENT BUDGET ?
Q
         IS A   SUPPLEMENTARY bUOGf.T BE         NECESSARY ?
r                                                                                                                         /JUC/ NO
L        wii L ii/ LUHI UUÜUT r AL'HKUUIA ; lONi UL NLi- t- jiARV ?
                                                                                                                          XU/ N0
   OBSERVATIONS