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Council Regulation (EC) No 787/94 of 29 March 1994 on special measures for farmers affected by the 1992/93 drought in Portugal

article  12

CELEX:  31994R0787

1. The aid referred to in this Regulation shall be converted using the agricultural conversion rate applicable on 1 July 1993.
2. The Community shall make a financial contribution to the aid referred to in Titles I and II not exceeding the appropriations approved by the budgetary authority for the financing of the measures provided for in Regulation (EEC) No 3311/92 and carried over from 1993 to 1994 for that purpose. The aid shall be deemed intervention within the meaning of Article 1 (2) of Council Regulation (EEC) No 729/70 of 21 April 1970 on the financing of the common agricultural policy (11).