Commission Regulation (EC) No 1126/1999 of 28 May 1999 fixing, for the purposes of Regulation (EC) No 411/97, the ceiling for Community financial assistance granted to producer organisations setting up operational funds for 1998

COMMISSION REGULATION (EC) No 1126/1999
of 28 May 1999
fixing, for the purposes of Regulation (EC) No 411/97, the ceiling for Community financial assistance granted to producer organisations setting up operational funds for 1998
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Community,
Having regard to Commission Regulation (EC) No 411/97 of 3 March 1997 laying down detailed rules for the application of Council Regulation (EC) No 2200/96 as regards operational programmes, operational funds and Community financial assistance(1), as last amended by Regulation (EC) No 1013/1999(2), and in particular Article 10 thereof,
(1) Whereras Article 15(1) of Council Regulation (EC) No 2200/96(3), as last amended by Regulation (EC) No 857/1999(4), provides for the granting of Community financial assistance to producer organisations setting up operational funds; whereas paragraph 5 of that Article provides that up to 1999, that financial assistance is to be capped at 4 % of the value of the marketed production of each producer organisation, provided that the total financial assistance represents less than 2 % of the total turnover of all producer organisations; whereas, as from 1999, that 4 % will be increased to 4,5 % and the percentage of the total turnover will rise from 2 % to 2,5 %;
(2) Whereas, according to information forwarded to the Commission by the Member States pursuant to Article 10 of Regulation (EC) No 411/97, the financial assistance applied for in respect of 1998 by producer organisations amounts to EUR 264,40 million against a total turnover of all producer organisations of EUR 11893,95 million; whereas the ceiling for the abovementioned Community financial assistance should therefore be set at 2,9180 % of the value of marketed production of each producer organisation,