COMMISSION REGULATION (EEC) No 708/91  of 22 March 1991  amending Regulation (EEC) No 4115/88 as regards the maximum amounts of aid eligible per year to promote the extensification of production
THE COMMISSION OF THE EUROPEAN COMMUNITIES
,
Having regard to the Treaty establishing the European Economic Community,
Having regard to Council Regulation (EEC) No 797/85 of 12 March 1985 on improving the efficiency of agricultural structures (1), as last amended by Regulation (EEC) No 3577/90 (2), and in particular Article 1b (6) thereof,
Whereas Article 22 of Council Regulation (EEC) No 4253/88 of 19 December 1988 laying down provisions for implementing Regulation (EEC) No 2052/88 as regards coordination of the activities of the different Structural Funds between themselves and with the  operations of the European Investment Bank and the other existing financial instruments (3) provides that amounts in Commission decisions are to be denominated in ecus; whereas that Article has been applicable since the entry into force of Commission  Regulation (EEC) No 1866/90 of 2 July 1990 on arrangements for using the ecu for the purposes of the budgetary management of the Structural Funds (4); whereas, therefore, Commission Regulation (EEC) No 4115/88 of 21 December 1988 laying down detailed  rules for applying the aid scheme to promote the extensification of production (5) should be amended by replacing the reference to agricultural conversion rates by a reference to the ecu exchange rate; whereas, moreover, in order to prevent a reduction  of the equivalent in national currency of the maximum amounts eligible per year listed in Annex II to that Regulation as a result of the amendment in question, it is appropriate to increase the amounts concerned by multiplying them by the correcting  factor specified in Article 1 of Commission Regulation (EEC) No 52/90 of 10 January 1990 fixing the correcting factor provided for in Article 6 of Council Regulation (EEC) No 1677/85 on monetary compensatory amounts in agriculture (6);
Whereas provision should be made for transitional arrangements governing the period from 6 July 1990 until the entry into force of this Regulation;
Whereas the measures provided for in this Regulation are in accordance with the opinion of the Committee on Agricultural Structures and Rural Development,
Regulation (EEC) No 4115/88 is hereby amended as follows:
1. Article 13 is replaced by the following:
'Article 13
The amounts referred to in Annex II shall be converted into national currencies according to the reference exchange rate, referred to in the second paragraph of Article 3 of Commission Regulation (EEC) No 1866/90 (*), in force on 1 January in the year  in respect of which the amount is paid.
(*) OJ No L 170, 3. 7. 1990, p. 36.'
2. Annex II is replaced by the Annex to this Regulation.
This Regulation shall enter into force on the third day following its publication in the Official Journal of the European Communities.
It shall apply from 1 January 1991.
The national currency value of the maximum amounts eligible per year listed in Annex II to Regulation (EEC) No 4115/88, applicable on 5 July 1990, shall continue to apply in respect of aid granted during the period from 6 July 1990 to 31 December 1990.  This Regulation shall be binding in its entirety and directly applicable in all Member States.