79/519/EEC: Commission Decision of 18 May 1979 concerning the 'special financing scheme for investments to increase exporting firms' production capacity' in France (Only the French text is authentic)

• Articles: 3

Article 1

The Government of the French Republic shall take the necessary measures to ensure that loans given by specialized financial institutions under the "special financing scheme for investment by exporting firms" are henceforth granted only where the following conditions are fulfilled: - where such loans are granted under programmes for an entire sector or branch of industry, such programmes shall be notified to the Commission in accordance with Article 93 (3) of the EEC Treaty,

- where such loans are granted to one or more individual firms, significant cases as defined in Article 2 shall be notified to the Commission in like manner.

This procedure does not extend to investments in respect of products listed in Annex II to the EEC Treaty.

Article 2

Given the current terms as to interest and duration of the loans in question, significant cases of application shall mean, for the purpose of the first indent of Article 1, cases where the amount of the investment is equal to or greater than three million EUA.

Article 3

This Decision is addressed to the French Republic, which within one month from its date of adoption shall inform the Commission of the measures taken to comply therewith.

Done at Brussels, 18 May 1979.

For the Commission

Raymond VOUEL

Member of the Commission