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Urgent provisions on agricultural enterprises' support implementing Art. No. 78 of the Decree-Law of 17 March 2020, No. 18, converted, with modifications, by the Law 24 April 2020, No. 27.

Country
Type of law
Regulation
Source

Abstract
The Decree as prescribed by Art. No. 10-ter, paragraph 4-bis of the Decree-Law 27/2019, converted, with modifications, by law 44/2019 establishes that the recognised paying agencies, under the support schemes of Common Agricultural Policy (EU Regulation No. 1307/2013), can start pay advance grant funding to farmers. The market interest rate applied to fund anticipation is defined on the basis of the reference rates established pursuant to Communication from the European Commission 2008/C 14/02 (Official Journal of the European Union, no. C14 of January 19, 2008) The anticipation granted does not involve elements of state aid.
The interest payable on the advance is offset to farmers through a direct grant which constitutes State aid notified pursuant to Art. No. 107, paragraph 3, letter b) of the Treaty on the Functioning of the European Union, on the basis of section 3.1 of the communication from the European Commission Temporary framework for "Supporting state aid measures of the economy in the current emergency of COVID-19".
Date of text
Repealed
No
Publication reference
Gazzetta Ufficiale della Repubblica Italiana No. 169 of 07 July 2020.
Source language

English

Legislation Amendment
No
Original title
Disposizioni urgenti in materia di sostegno alle imprese agricole in attuazione dell'articolo 78 del decreto-legge 17 marzo 2020, No. 18, convertito, con modificazioni, dalla legge 24 aprile 2020, No. 27.