EUR-Lex - 31977D0681 - EN

ARTICLE 1 OF COUNCIL DECISION 76/402/EEC OF 6 APRIL 1976 ON THE LEVEL OF INTEREST RATE SUBSIDY , PROVIDED FOR BY DIRECTIVE 72/159/EEC ON THE MODERNIZATION OF FARMS , TO BE APPLIED IN ITALY ( 3 ) SHALL , WITH EFFECT FROM 7 DECEMBER 1976 , BE REPLACED BY THE FOLLOWING :

' 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 :

• 12 % IN THE AREAS LAID DOWN WITHIN THE MEANING OF DIRECTIVE 75/268/EEC ;

• 11 % IN THE MEZZOGIORNO AND THE LESS-FAVOURED REGIONS OF CENTRAL AND NORTHERN ITALY , OTHER THAN THE AREAS REFERRED TO IN THE FIRST INDENT ;

• 9 % FOR THE OTHER REGIONS . '