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Article 16

Original text. Later amendments are not shown.

In Protocol 38 on the Financial Mechanism:

  • ‘three’ shall be replaced by ‘two’ in Article 2 (2),

  • Article 2 (5) shall be replaced by the following:

    ‘5.

    The total volume of loans, which shall be eligible for the interest rebates provided for in Article 1 shall be ECU 1 500 million, to be committed in equal tranches over a period of five years from 1 July 1993. Should the EEA Agreement enter into force after that date, the period shall be five years from the entry into force.’,

  • Article 3(1) shall be replaced by the following:

    ‘1.

    The total amount of grants provided for in Article 1 shall be ECU 500 million, to be committed in equal tranches over a period of five years from 1 July 1993. Should the EEA Agreement enter into force after that date, the period shall be five years from the entry into force.’