Article 16

Regulation (EEC) No 729/70 of the Council of 21 April 1970 on the financing of the common agricultural policy · European Union

1. The system laid down in Articles 1 to 7 shall be applicable for expenditure financed from 1 January 1971. Regulation No 17/64/EEC and the provisions adopted for its application shall be repealed with effect from 1 January 1971, without prejudice to the provisions of Article 3 (3) and Article 6 (4) of this Regulation or to Article 14 of Council Regulation (EEC) No 728/70 (1) of 21 April 1970 laying down additional provisions for the financing of the common agricultural policy. 2. If the Decision of 21 April 1970 (2) on the replacement of financial contributions from Member States by the Communities' own resources has not entered into force by 1 January 1971, the date of 1 January 1971 which appears in paragraph 1 shall be replaced by the date of the entry into force of that Decision. This Regulation shall be binding in its entirety and directly applicable in all Member States.

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Source: EUR-Lex (Cellar) · retrieved 2026-11-10 · Text as adopted (Official Journal); later amendments are not incorporated in this text.