85/378/EEC: Commission Decision of 19 December 1984 on the French system of assistance to industry comprising special investment loans, subsidized loans to enterprises, additional refinancing loans and FIM (Industrial Modernization Fund) loans (Only the French text is authentic)

• Articles: 7

Article 1

The Commission has no objection to the implementation of the aid schemes entitled special investment loans (prêts spéciaux pour l'investissement), subsidized loans to enterprises (prêts aidés aux entreprises), additional refinancing loans (prêts supplémentaires de refinancement) and Industrial Modernization Fund loans (prêts du Fonds Industriel de Modernisation - FIM), on condition that the French Government notifies significant cases to it in advance in accordance with Article 93 (3) of the Treaty to enable it to determine whether or not the aid in such cases is compatible with Article 92 (1) of the Treaty.

Article 2

For the purposes of the notifications required by Article 1, significant cases are, in relation to both the existing and the new schemes, those in which the following thresholds are exceeded: - any case in which the intensity of the aid exceeds 15 % net grant equivalent of the investment,

- in cases in which the intensity of the aid is over 10 % but not more than 15 % net grant equivalent of the investment, those in which the investment exceeds 3 million ECU,

- in cases in which the intensity of the aid is over 5 % but not more than 10 % net grant equivalent of the investment, those in which the investment exceeds 6 million ECU.

- in cases in which the intensity of the aid is not more than 5 % net grant equivalent of the investment, those in which the investment exceeds 9 million ECU.

In addition, the French Republic shall submit, by the end of the first quarter of each year, a report on each of the schemes for the previous year stating the total amount of the awards made under the scheme, the total value of the aided investment and the number of awards, subdivided by industry according to the European Communities Statistical Office's General Industrial Classification of Economic Activities.

Article 3

The Community codes on aid to the steel, man-made fibres, shipbuilding and textile and clothing industries must be observed.

Article 4

The French Republic shall notify to the Commission before 20 February 1985, in accordance with Article 93 (3) of the Treaty, all significant cases as defined in Article 2 in which FIM loans have already been granted.

Article 5

The French Republic shall inform the Commission before 20 February 1985 of the measures it has taken to comply with this Decision.

Article 6

The French Republic shall inform the Commission in accordance with Article 93 (3) of the Treaty of any alteration of the aid schemes involving loans covered by this Decision.

Article 7

This Decision is addressed to the French Republic.

Done at Brussels, 19 December 1984.

For the Commission

Frans ANDRIESSEN

Member of the Commission