EUR-Lex - 31981D0598 - EN

EUR-Lex - 31981D0598 - EN Avis juridique important | 81/598/EEC: Council Decision of 27 July 1981 on the level of the interest rate subsidy provided for by Directive 72/159/EEC on the modernization of farms, to be applied in Ireland Official Journal L 220 , 06/08/1981 P. 0027 - 0028

( 1 ) OJ NO L 96 , 23 . 4 . 1972 , P . 1 . ( 2 ) OJ NO L 197 , 20 . 7 . 1981 , P . 41 . ( 3 ) OPINION DELIVERED ON 10 JULY 1981 ( NOT YET PUBLISHED IN THE OFFICIAL JOURNAL ). ( 4 ) OJ NO L 128 , 19 . 5 . 1975 , P . 1 . ( 5 ) OJ NO L 180 , 14 . 7 . 1980 , P . 34 . COUNCIL DECISION OF 27 JULY 1981 ON THE LEVEL OF THE INTEREST RATE SUBSIDY PROVIDED FOR BY DIRECTIVE 72/159/EEC ON THE MODERNIZATION OF FARMS , TO BE APPLIED IN IRELAND ( 81/598/EEC ) THE COUNCIL OF THE EUROPEAN COMMUNITIES , HAVING REGARD TO THE TREATY ESTABLISHING THE EUROPEAN ECONOMIC COMMUNITY , AND IN PARTICULAR ARTICLE 43 THEREOF , HAVING REGARD TO COUNCIL DIRECTIVE 72/159/EEC OF 17 APRIL 1972 ON THE MODERNIZATION OF FARMS ( 1 ), AS LAST AMENDED BY DIRECTIVE 81/528/EEC ( 2 ), AND IN PARTICULAR THE SECOND SUBPARAGRAPH OF ARTICLE 8 ( 2 ) AND THE SECOND SUBPARAGRAPH OF ARTICLE 19 ( 1 ) THEREOF , HAVING REGARD TO THE PROPOSAL FROM THE COMMISSION , HAVING REGARD TO THE OPINION OF THE EUROPEAN PARLIAMENT ( 3 ), WHEREAS THE SECOND SUBPARAGRAPH OF ARTICLE 8 ( 2 ) OF DIRECTIVE 72/159/EEC PROVIDES THAT MEMBER STATES MAY BE AUTHORIZED TO GRANT INTEREST RATE SUBSIDIES EXCEEDING 5 % , IF SUCH ACTION IS WARRANTED BY THE SITUATION OF THE CAPITAL MARKET IN THAT MEMBER STATE , AND TO LOWER THE MINIMUM RATE PAYABLE BY THE BENEFICIARY TO 2 % IN CERTAIN REGIONS ; WHEREAS THE IRISH GOVERNMENT HAS REQUESTED AUTHORIZATION TO RAISE THE LEVEL OF THE INTEREST RATE SUBSIDY TO 10 % AND , IN THE LESS-FAVOURED REGIONS OF IRELAND TO 12 % ; WHEREAS THE IRISH GOVERNMENT HAS ALSO REQUESTED TO BE PERMITTED TO GRANT THE ADDITIONAL AMOUNT OF THE INTEREST RATE SUBSIDY ALSO TO FARM LOANS CONTRACTED TO FINANCE EXPENDITURE ON DEVELOPMENT PLANS ELIGIBLE FOR REIMBURSEMENT BY THE EUROPEAN AGRICULTURAL GUIDANCE AND GUARANTEE FUND , HEREINAFTER CALLED THE ' FUND ' WHICH HAVE NOT AS YET BEEN AMORTIZED ; WHEREAS THE CURRENT INTEREST RATE OF 17.25 % IN IRELAND FOR LONG-TERM AGRICULTURAL LOANS AND THE INTEREST RATE SUBSIDIES OF 10 AND 12 % WILL MEAN THAT THE RATE REMAINING TO BE PAID BY THE BENEFICIARY SHALL EXCEED THE MINIMUM LAID DOWN BY COUNCIL DIRECTIVE 72/159/EEC OR BY COUNCIL DIRECTIVE 75/268/EEC OF 28 APRIL 1975 ON MOUNTAIN AND HILL FARMING AND FARMING IN CERTAIN LESS-FAVOURED AREAS ( 4 ), AS LAST AMENDED BY DIRECTIVE 80/666/EEC ( 5 ); WHEREAS THE REQUEST OF THE IRISH GOVERNMENT SHOULD BE ACCEDED TO ; WHEREAS THE IRISH GOVERNMENT HAS , FURTHERMORE , REQUESTED A COMMUNITY CONTRIBUTION TO THE EXPENDITURE ARISING FROM THE INCREASE IN THE SUBSIDY ; WHEREAS , IN VIEW OF THE LIMITED FUNDS AVAILABLE TO THE IRISH GOVERNMENT TO FINANCE THE MEASURE , A CONTRIBUTION FROM THE FUND IS ESSENTIAL PURSUANT TO ARTICLE 19 OF DIRECTIVE 72/159/EEC OR ARTICLE 15 OF DIRECTIVE 75/268/EEC ; WHEREAS , ACCORDINGLY , IT IS NECESSARY TO INCLUDE THE MEASURE IN FAVOUR OF FARMS , WHOSE DEVELOPMENT PLAN HAS ALREADY BEEN APPROVED BY THE TIME THIS DIRECTIVE TAKES EFFECT , IN THE COMMON MEASURE REFERRED TO IN ARTICLE 15 OF DIRECTIVE 72/159/EEC ,