#52026AS119750Authorization for State Aid in the EU
AI-generated summary for informational purposes only. Not legal advice. See the original source for the authoritative text.
This law allows Italy's Province of Bolzano to receive European Commission's approval for state aid without objections. Targeting agriculture and dairy sectors, the legislation provides direct financial support aimed to boost local economic activities in these areas.
AI-generated summary. May contain errors. Refer to official sources for legal decisions.
Key Changes
- Italy's Province of Bolzano can offer state aid with EU approval.
- Financial support is directed towards agriculture and dairy sectors.
- The aid focuses on investment in processing and marketing agricultural products.
Obligations
What this law requires
The granting authority must provide direct financial support in the form of grants to eligible entities for investment in the dairy processing and marketing sectors.
The overall budget for the aid must not exceed EUR 18,120,000 and the annual budget must not exceed EUR 6,040,000.
Aid intensity for beneficiaries is set at 30%, meaning that eligible entities can receive grants up to this percentage of their investment costs.
The aid must be used to support investments related to the processing and marketing of agricultural products, energy efficiency, and environmental protection.
Beneficiaries must use the financial support for eligible investment activities until the aid duration ends on 31.12.2028.