Article 1 
A specific programme for the modernization of the Portuguese textile and clothing industry (the 'programme`) is hereby instituted for the period 1995 to 1999 in order to facilitate its adaptation to increasing international competition. Article 2 The eligible measures, the conditions for granting Community assistance and the implementing provisions shall be those set out in the Annex hereto. Article 3 The programme shall be jointly financed by the Portuguese Republic and the Community. The financial reference amount for implementing the programme for the 1995 to 1999 period shall be ECU 400 million at 1994 prices. The annual appropriations shall be authorized by the budget authority within the limits of the financial perspectives. Undertakings benefiting from loans granted by the EIB or other financial bodies for the purposes of this programme may qualify for interest subsidies, up to a total amount of ECU 100 million, paid from the allocation provided for in the first paragraph. Article 4 The provisions of the Regulations governing the Structural Funds, particularly those concerning rates of assistance, eligibility of expenditure, monitoring, evaluation, financial execution and control and indexation shall apply. Article 5 The Commission shall, by 31 December 1997 at the latest, submit to the European Parliament, the Council, the Economic and Social Committee and the Committee of the Regions a report on the implementation of this Regulation and, as soon as possible, a general assessment report. Article 6 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 10 April 1995. For the Council The President A. JUPPÉ
Article 2 
The eligible measures, the conditions for granting Community assistance and the implementing provisions shall be those set out in the Annex hereto. Article 3 The programme shall be jointly financed by the Portuguese Republic and the Community. The financial reference amount for implementing the programme for the 1995 to 1999 period shall be ECU 400 million at 1994 prices. The annual appropriations shall be authorized by the budget authority within the limits of the financial perspectives. Undertakings benefiting from loans granted by the EIB or other financial bodies for the purposes of this programme may qualify for interest subsidies, up to a total amount of ECU 100 million, paid from the allocation provided for in the first paragraph. Article 4 The provisions of the Regulations governing the Structural Funds, particularly those concerning rates of assistance, eligibility of expenditure, monitoring, evaluation, financial execution and control and indexation shall apply. Article 5 The Commission shall, by 31 December 1997 at the latest, submit to the European Parliament, the Council, the Economic and Social Committee and the Committee of the Regions a report on the implementation of this Regulation and, as soon as possible, a general assessment report. Article 6 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 10 April 1995. For the Council The President A. JUPPÉ
Article 3 
The programme shall be jointly financed by the Portuguese Republic and the Community. The financial reference amount for implementing the programme for the 1995 to 1999 period shall be ECU 400 million at 1994 prices. The annual appropriations shall be authorized by the budget authority within the limits of the financial perspectives. Undertakings benefiting from loans granted by the EIB or other financial bodies for the purposes of this programme may qualify for interest subsidies, up to a total amount of ECU 100 million, paid from the allocation provided for in the first paragraph. Article 4 The provisions of the Regulations governing the Structural Funds, particularly those concerning rates of assistance, eligibility of expenditure, monitoring, evaluation, financial execution and control and indexation shall apply. Article 5 The Commission shall, by 31 December 1997 at the latest, submit to the European Parliament, the Council, the Economic and Social Committee and the Committee of the Regions a report on the implementation of this Regulation and, as soon as possible, a general assessment report. Article 6 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 10 April 1995. For the Council The President A. JUPPÉ
Article 4 
The provisions of the Regulations governing the Structural Funds, particularly those concerning rates of assistance, eligibility of expenditure, monitoring, evaluation, financial execution and control and indexation shall apply. Article 5 The Commission shall, by 31 December 1997 at the latest, submit to the European Parliament, the Council, the Economic and Social Committee and the Committee of the Regions a report on the implementation of this Regulation and, as soon as possible, a general assessment report. Article 6 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 10 April 1995. For the Council The President A. JUPPÉ
Article 5 
The Commission shall, by 31 December 1997 at the latest, submit to the European Parliament, the Council, the Economic and Social Committee and the Committee of the Regions a report on the implementation of this Regulation and, as soon as possible, a general assessment report. Article 6 This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 10 April 1995. For the Council The President A. JUPPÉ
Article 6 
This Regulation shall enter into force on the day of its publication in the Official Journal of the European Communities. This Regulation shall be binding in its entirety and directly applicable in all Member States. Done at Luxembourg, 10 April 1995. For the Council The President A. JUPPÉ