EUR-Lex - 31976D0402 - EN

ARTICLE 1

THE ITALIAN REPUBLIC IS HEREBY AUTHORIZED TO INCREASE THE INTEREST RATE SUBSIDY PROVIDED FOR IN THE FIRST SUBPARAGRAPH OF ARTICLE 8 ( 2 ) OF DIRECTIVE 72/159/EEC TO 11 % FOR THE MEZZOGIORNO AND THE LESS-FAVOURED REGIONS OF NORTHERN AND CENTRAL ITALY , INCLUDING THEIR MOUNTAIN AREAS , AND TO 9 % FOR THE OTHER REGIONS .

ARTICLE 2

THE ITALIAN REPUBLIC IS HEREBY AUTHORIZED TO REDUCE THE MINIMUM RATE PAYABLE BY THE BENEFICIARY PROVIDED FOR IN THE FIRST SUBPARAGRAPH OF ARTICLE 8 ( 2 ) OF DIRECTIVE 72/159/EEC TO 2 4 % IN THE MEZZOGIORNO AND THE LESS-FAVOURED REGIONS OF NORTHERN AND CENTRAL ITALY .

HOWEVER , THE PROVISIONS REFERRED TO IN THE FIRST SUBPARAGRAPH SHALL NOT AFFECT ARTICLE 9 ( 1 ) OF DIRECTIVE 75/268/EEC .

ARTICLE 3

THE EXPENDITURE INCURRED BY THE ITALIAN REPUBLIC PURSUANT TO ARTICLE 1 OF THIS DECISION SHALL BE ELIGIBLE FOR ASSISTANCE FROM THE GUIDANCE SECTION OF THE EUROPEAN AGRICULTURAL GUIDANCE AND GUARANTEE FUND WITHIN THE LIMIT FIXED BY THE FIRST SUBPARAGRAPH OF ARTICLE 19 ( 3 ) OF DIRECTIVE 72/159/EEC .

ARTICLE 4

THIS DECISION SHALL APPLY UNTIL 31 DECEMBER 1977 .

ARTICLE 5

THIS DECISION IS ADDRESSED TO THE ITALIAN REPUBLIC .

DONE AT LUXEMBOURG , 6 APRIL 1976 .

FOR THE COUNCIL

THE PRESIDENT

J . HAMILIUS