Regulation (EEC) No 2364/75 of the Commission of 15 September 1975 on the calculation of aids in the form of loans at reduced rates of interest or of interest rebates which are not specified in percentage points

REGULATION (EEC) No 2364/75 OF THE COMMISSION  of 15 September 1975  on the calculation of aids in the form of loans at reduced rates of interest or of interest rebates which are not specified in percentage points
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community;
Having regard to Council Regulation (EEC) No 724/75 (1) of 18 March 1975 establishing a European Regional Fund, and in particular Article 4 thereof;
Whereas the application of this Regulation requires that State aids in the form of loans at reduced interest rates or of interest rebates which are not specified in percentage points should be capable of being compared and added up;
Whereas this calculation should be made by reference to the interest rate used for comparable operations which is in force at the time of the granting of the reduced interest loan or interest rebate;
Whereas such forms of aid are only provided in certain Member States ; whereas there is therefore no need to specify reference rates for the other Member States;
Whereas the measures provided for in this Regulation are in accordance with the Opinion of the Fund Committee,