Commission Regulation (EC) No 755/1999 of 12 April 1999 fixing the maximum compensatory aid resulting from the rates for the conversion of the euro into national currency units and the exchange rates applicable on 1 and 3 January 1999

• CELEX: Regulation (EC) No 755/1999
• Articles: 3

Article 1

The maximum amounts of the first tranche of compensatory aid to be granted as a result of the reduction recorded on the dates of the operative event (1 and 3 January 1999) in the conversion rates for the euro in force from 1 January 1999 in Belgium, France, Ireland, Italy, Luxembourg and Finland and the exchange rates for the Danish krone and the pound sterling as against the agricultural conversion rates previously applicable shall be as set out in the Annex hereto.

However, agrimonetary compensation shall only be granted for structural and environmental measures where the amount, applied in the Member State concerned and expressed in national currency, is at least equal to the ceiling.

Article 2

This Regulation shall enter into force on the seventh day following its publication in the Official Journal of the European Communities.

This Regulation shall be binding in its entirety and directly applicable in all Member States with effect from 15 February 1999.

Done at Brussels, 12 April 1999.

For the Commission

Franz FISCHLER

Member of the Commission

(1) OJ L 349, 24.12.1998, p. 1.

(2) OJ L 349, 24.12.1998, p. 8.

(3) OJ L 349, 24.12.1998, p. 36.

(4) OJ L 349, 24.12.1998, p. 48.

Schedules & Appendices

ANNEX

MAXIMUM AMOUNTS OF THE FIRST TRANCHE OF COMPENSATORY AID, IN MILLION EUROS

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